U.S. slowdown may drag on the global.

<P> Opened in 23 years at the World Economic Forum, shrouded in the shadow of the subprime mortgage crisis, the U.S. economy has become the hottest topic in the day. .By convention, each annual meeting of the first seminar is on the global economic situation and outlook for the year. .General optimism of last year compared to most of the participants this year on concerns about U.S. economic outlook. .Some economists at the annual meeting warned that the U.S. economic slowdown is inevitable, fear of the global economy will be affected. .5-day annual meeting, the theme of "the power of collaborative innovation." .In addition to these economic issues, climate change, the Middle East, Pakistan, Africa, aid and other topics Forum annual meeting will also be an important topic. .</ P> <P> a hard landing for the U.S. economy will affect the global economy </ P> <P> worry </ P> <P>, http://finance. On the day of the first on the global economic situation, the seminar, .U.S. economist Nouriel Roubini said that despite the U.S. Federal Reserve announced an emergency 22 0.75 percentage point rate cut to stimulate economic growth, but the decision still can not avoid the U.S. economy into recession. .</ P> <P> he expected, with the subprime mortgage crisis continue to spread to credit cards, auto loans and corporate credit and other fields, the U.S. will face recession is likely to continue about three quarters of the time. .Roubini also believes that in the case of a hard landing for the U.S. economy, the global economy will not be spared. .</ P> <P> Morgan Stanley Asia Chairman Stephen Roach, Roubini's views on the basic recognition. .He pointed out that U.S. consumer spending up to 9 trillion dollars, if the U.S. subprime mortgage crisis by consumers tightening purse strings, the U.S. and global economy will inevitably have a significant impact. .He said: "I think it would be quite a pain, a longer recession." </ P> <P> Roach also noted that Europe is unlikely to impact from the global economic slowdown. .He expects the European Central Bank left interest rates unchanged after another, after a few months, the recent Federal Reserve will step followed the rate cut means to be taken. .</ P> <P> But Indian Commerce and Industry Minister Kamal Nath is quite optimistic. .He believes that pessimists underestimate the emerging economies to offset the slowdown in the U.S. can play a role. .The case of India, Kamal Nath that the Indian economy is largely dependent on domestic demand support, thus avoiding the impact of U.S. economic slowdown. .</ P> <P> the U.S. economy remains the main engine of global economic growth </ P> <P> Rice </ P> <P> the same day U.S. Secretary of State Condoleezza Rice at the World Economic Forum said that although the recent people .concerns about U.S. economic prospects, but she believes the U.S. economy will remain the main engine of global economic growth. .Rice said the U.S. economy is resilient, its structure is reasonable, its long-term fundamentals are healthy. .United States continues to welcome foreign investment and free trade, the economy will continue to promote global economic growth. .</ P> <P> Rice said she knows many of the recent U.S. financial market volatility and concerns about U.S. economic prospects. .But President Bush has announced a meaningful economic stimulus plan to promote the consumption and business investment. .In addition, U.S. Treasury Secretary Henry Paulson also active efforts to urge the leaders of Congress from both parties work closely to powerful and fast as soon as possible to the broad economic stimulus plan agreed. .Rice said the global economy, people should have confidence in the potential strength and confidence to take action. .</ P> <P> in the day at the World Economic Forum annual meeting, the economists agreed that, although the U.S. economic outlook is bleak, but the global economy into recession is unlikely, especially in emerging economies such as China and India .body will still have good performance, which will help ease the U.S. economic slowdown to the adverse effects of the global economy..