DAVOS, Switzerland Jan. 23 — Global economic and political leaders who gathered for their annual mountaintop meeting Thursday heard a depressing prognosis for the world economy, and blamed the situation on one country: the United States.
"Sadly, it's a U.S. story," said Stephen Roach, chief economist at Morgan Stanley in New York, one of five prominent forecasters on a panel to set the scene on the world economy.
With the U.S. economy "still mired in a post-bubble hangover," he said, "the world is going to remain a sluggish place." Full: <http://abcnews.go.com/wire/World/ap20030123_684.html> --- Sent from UnionMail Service [http://mail.union.org.za]