Global economy to grow at slower pace, roiled by credit crisis and oil prices (Provo Daily Herald)

Story date: 2007-12-16 12:07:43
Added on: 2007-12-16 05:16:28

NEW YORK -- The world economy, buffeted by the credit crisis gripping financial markets, is expected to keep expanding in 2008 -- albeit at a slower pace -- with little fear of recession. But unlike past economic upswings driven by the U.S., Japan and Western Europe, the main engines of growth this time are predicted to be China, India and other emerging economies.


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