On October 4 Goldman Sachs cut it predictions for global growth in 2011 and 2012. The private investment firm now is expecting growth in 2011 to be 3.8% instead of 3.9% and in 2012 to be 3.5% as opposed to 4.2%. The epicentre of downhill strain on global growth is in The european union, where it expects the eurozone to move into a ‘mild recession’ over the 4th quarter 2011 to the first quarter 2012. The report has made it … Continue reading →