Date: Mon, 24 Nov 1997 16:59:47 -0500 (EST)
From: "Liam R.Flynn" <trinity-AT-hot-shot.com>
Subject: M-G: USA&ASIAN markets ?


> 11/24/97 13:40 Economic Growth To Slow Slightly In 1998: White House
> WASHINGTON. The White House's chief economist said Monday that
> economic growth was likely to slow "by some tenths" of a percentage
> point in 1998, in part because of recent financial turmoil in Asia.
> "I would not rule out some impact through Japan on the United States,"
>  said economist Janet Yellen, adding that the impact will be limited.
>  At a press conference marking the release of a survey on the US
> economy compiled by the Organization for Economic Cooperation and
> Development (OECD), Yellen said economic turmoil in Asia will widen
> the US trade deficit next year, but will only "slightly" lower US
> gross domestic product growth. The Asian crisis will affect the US
> economy "slightly ... but not substantially," Yellen said, adding
> "the US outlook is still for solid growth."{AGP/FRANCE}

                     "SLIGHTLY"?

                                                       Liam R.Flynn
                                                  liam-AT-stones.com
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