Merrill Lynch will cut U.S. economic growth in 2008 half of.

<P> Merrill Lynch, the U.S. economic growth this year forecast cut by half to 0.8% on the grounds that the property market downturn has spread to other areas of the economy. .Merrill Lynch and is expected to decline this year, U.S. home prices will be 15%, recommended investors buy the bonds in developed countries. .</ P> <P> Merrill Lynch in a report released last week said the United States increased by only 0.8% this year, lower than the previous forecast of 1.6%. .They predicted that the United States in 2009 will grow by 1%. .They believe that U.S. house prices will fall 15% this year, also continued to fall 10% next year to stimulate the nation's number of unemployed reached 2.5 million. .Merrill Lynch analyst David Rosenberg, chief North America, and even that last month the U.S. economy has begun to shrink. .</ P> <P> In addition, Merrill Lynch research report also said that if the United States, as this wave of economic recession between 1990 and 1991, so serious, that in the past year fell 26% to U.S. financial stocks will continue Zoudie .. .</ P> <P> It http://finance. News, Merrill Lynch strategist Brian Belski recent U.S. study reported that since the end of November last year, U.S. financial stocks has fallen 8.5% PE ratio, but also.到 far and 1990 during the recession in March 1991 the sector PE ratio of up to three percent of the contraction amplitude. .</ P> <P> Belski pointed out that the U.S. financial industry analyst earnings forecast is "too optimistic", the future may have to cut. .He added that led by the consumer faces the phenomenon of economic weakness and chaos in the financial sector point of view, this wave of the latest recession and the most similar to the 1990 recession. .</ P> <P> Merrill Lynch research report suggested that investors should only buy "higher quality assets," and turned to bonds in developed markets. .Merrill Lynch chief investment strategist Richard Bernstein wrote last year paid more than U.S. Treasury securities and high yield bonds. .He said that the shipping rates down to protect the Asian bond default risk costs, or foreseeable slowdown in economic growth in the region. .</ P> <P> Bernstein in the report, said: "We have repeatedly stressed that the emerging credit crunch is global in nature and not confined to the United States or developed markets. Asia's credit concerns may have its economic causes, not just by the United States .Credit crisis 'technical' affected the outcome. "</ P>.