United States Paulson in Singapore to G7 Finance Ministers and Central Bank Governors meeting on his "peers" indicates that you do not have to slow down because of a United States real estate market is worried about the global economy will collapse.
"The United States economic growth have been and we set long-term goals," Paulson issued after the meeting, said in a statement, "while the United States market development fell from historical high, but the United States there are other factors in the overall economy. ”
Since the G7 Finance Ministers ' meeting in April of this year, the United States market decline, each month is presented on a downtrend, and the National Association of real estate brokers also anticipates that in 2006, the remaining months, the market also fell. This is the real estate market since 1993, for the first time "monthly fall" of the year. 14 September, the International Monetary Fund (IMF) also said the United States market cooling is the most important global economic risks.
United States-economic growth in the second quarter from the first quarter of 5.6 per cent slashed to 2.9%. However Paulson believes that higher salary level, the company's strong profit and business expenses to offset the weakness in the housing market. United States economy average growth rate in 2006 will reach 3.4 per cent, which is September 1 to 7 August Pengboshe investigation 80 Economist concluded.
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