After more than five years of uninterrupted growth, analysts have taken to calling it the "Goldilocks economy"--an American expansion that is not too fast and not too slow but just right. Now, they are saying, Goldilocks may have gone global. And they can point to evidence everywhere:
--In Asia, battered Japan is back from the brink of disaster. After little growth in 1995, it last year recorded 3% growth, the fastest among the big industrial economies. Meanwhile, China, its expansion having run amuck two years ago, has managed to pull off a "soft landing" by cutting back inflation without a recession.
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