It does not take the powers of a clairvoyant to see that the US economy faces a struggle to rebound in the next year or so. Even before the events of September 11, key drivers such as stock prices and capital spending were heading downwards and the attacks on the US have dented confidence further.
Since many Asian economies, including Hong Kong, Singapore and South Korea, are big exporters to the US, concern has been growing over the likely impact of a slowdown in this region as well. At a Goldman Sachs press briefing in Hong Kong yesterday Tuesday, the bank's chief US economist William Dudley set out his outlook for the US...
