"Fiscal cliff" threatens not only U.S. but world economy (3)

Even if the high-profile tax and budget fight could finally come to a happy ending, the months-long tug of war would fray the nerves of the global market and cast a shadow over the flagging world economy.

U.S. economic turbulence does not stop at America's doors.

The United States, the world's sole super power, has close economic ties with many countries around the globe, and holds great sway over the global economy.

A U.S. economic recession would undoubtedly affect the economies of its trading partners, and thus hold back economic recovery worldwide.

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