Thursday, April 12, 2007

UPDATE 2-Risk of U.S. slowdown from subprime woes-Bank of Spain

(Reuters) - Any steeper-than-expected U.S. slowdown would hit both world economic growth and financial markets, Vinals said in a speech, adding that this potential negative effect would be exaggerated by the size of global economic imbalances.

The outlook for the global economy over the next two years is likely to be moderating but growing more sustainably, Vinals said, adding that interest rates had become less accommadative in 2006.


Read more at Reuters.com Bonds News

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