Posted at 12:31 p.m., Friday, December 15, 2006
UH economists forecast slower global economic growth
Advertiser Staff
The University of Hawai'i's Economic Research Organization issued a report saying global economic growth will weaken next year because of slowing in the United States.UHERO is projecting real gross world product growth will slip to 3.3 percent from the expected 3.8 percent this year.
It said the U.S. economy is slowing because of its weakening housing sector with real gross domestic product growth expected at 2.5 percent next year. That's a decline from the 3.3 percent projected for 2006 as a whole.
