The Conference Board, which established its Chinacenterin 2005, publishesleadingeconomicindexesforthe U. S. and otherlargeeconomies like Japan, MexicoandSouth Korea.
Lingering concerns over the recession in the euro zone, an ongoing economic slowdown in China and front and center concerns about the U.S. fiscal cliff are pressuring forecasts for global gross domestic product and demand for crude oil.
If current growth trends continue, this center will move in another three decades to a resting point between India and China just about where Singapore is, meaning its potential as the world's economiccenter may not even be fully realized.