For the complete report in the Charlotte.com/MiamiHerald.com click on this link - by Malcolm Foster
A slowdown in the U.S. economy will likely drag on global growth next year, economists predict, but Asia and Europe are expected to remain fairly resilient amid signs of healthy consumer demand.
Even as a cooling U.S. housing market weakens Americans' appetites for foreign-made electronics, clothing and other exports, the swelling ranks of middle-class consumers in China, India and the rest of emerging Asia are seen as picking up the slack, experts say. Europe's growth may also slow some, but the outlook there is also relatively positive due to renewed consumption and falling unemployment.
''While the world's other major economies will be affected by slower U.S. growth, their own domestic demand should continue to drive global growth,'' Swiss investment bank UBS said in its year-end outlook for the global economy.
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