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FAST-FORWARD to 2004, and the economy is slowing in a similar fashion, Mr. Roach noted.
While deforestation is slowing in some places – most notably Brazil – it still remains far too high.
Growth is slowing in countries like Italy.
The pace of growth is also slowing in Mexico.
And indeed, profits growth has been slowing in recent months.
Economic growth is slowing in China and weak in Japan.
Even before the referendum there was evidence of slowing in the UK economy.
A slowing in US export markets would not be good for US jobs.
But, he added, "I think we are going to see slowing in economic activity.
Sales are slowing in the United States, and Japan remains a market in decline.
And we're also going to see some slowing in the declines".
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