By Leo Bland Salomon Smith Barney believes that slowing global economic growth in 2001 will lead to...
By Leo Bland Salomon Smith Barney believes that slowing global economic growth in 2001 will lead to investor caution amid concerns over profit disappointments. Kermit Schoenholtz, chief economist at Salomon Smith Barney, said factors including high oil prices are slowing global growth and this is leading to a fall in global liquidity. Schoenholtz said: "However, the trend towards deteriorating global liquidity probably will abate and eventually reverse during the course of 2001, helping to sustain expansion through 2002. The threat from inflation in the industrialised world remains low, ...
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