BNP Paribas foresees US fueled resurgence in global economy

A revival in the US economy will have positive effects for most places. Except Japan.

Rob Davies

February 20, 2002

For those in the region who link Asia's economic fortunes with those in the United States, expect some good news coming your way. Because the economists at BNP Paribas believe that 2002 will see a recovery in the global economy, and this will be driven by happenings in the US.

At a press briefing in Hong Kong, Paul Mortimer-Lee, global head of market economics at BNP, affirmed that faster growth lies ahead if US economic indicators on money growth, consumer confidence and employment are anything to go by.

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