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Until that changes, any reduction in America's deficit will spell a weaker world economy.
And, far from being rendered great again, it would be a weaker world power.
A weaker world recovery is one of the main reasons why the Bank of England cut interest rates on February 6th.
Mr. Almunia also said that the strong euro, which so far has shown little sign of pinching European growth, would eventually affect, and be amplified by, a weaker world economy.
Carney has been less sanguine over the state of Britain's economy and earlier this week sent clear hints to financial markets that interest rates would be held at their record low of 0.5% for many months to come against the backdrop of a weaker world economy and a slowdown in the UK.
A weaker world economy, together with the uncertainty caused by the Sept. 11 attacks on the United States, dragged down prices some 30%.
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A weak world economy sent commodity markets plunging, with oil falling almost to $10 a barrel.
A weak world economy means that everyone is fighting for shares of a too-small pie.
Despite a weak world economy, global production of steel rose by 1.2% last year to a record 1.55 billion tonnes.Yet importance does not always translate into financial success.
Equities look like the best bet.The central banks are pursuing the right policy for a weak world economy, but it has risks.
Hathaway briefly changed gears, helming Down to the Sea in Ships (1949), with Widmark as a 19th-century whaler, and You're in the Navy Now (1951), a weak World War II comedy with Cooper and Jane Greer.
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