An old adage in economics was that When the United States sneezes the rest of the world catches a cold. In the first half of 2007, growth in the United States slowed, while over the same period growth in the Eurozone accelerated and growth in Japan almost doubled. It still is true that the Central Southern American and Canadian economies remain susceptible to the importation of recession from the United States. But the spillover of a US recession to the rest of the world seems less likely these days because the US economy no longer has the same clout as it used to have.
Question: It seems we can conclude from the passage that we no longer have to look across the Atlantic or Pacific and panic every time the US cyclical activity takes a turn for the worse.
Options:
A. true, B. false, C. uncertain
Answer: A