October 24, 2012 / 11:24 AM / in 6 years

Buffett says clear signs of global economic slowing

(Reuters) - Berkshire Hathaway (BRKa.N) Chief Executive Warren Buffett said on Wednesday there are clear signs the global economy is slowing, although the U.S. economy is “inching ahead” as other regions decline.

Berkshire Hathaway CEO Warren Buffett attends the Allen & Co Media Conference in Sun Valley, Idaho July 12, 2012. REUTERS/Jim Urquhart

In an interview on CNBC, Buffett said the rate of decline was larger in Asia than in Europe, although the Asian economies are declining off a higher base. At the same time, he also said Berkshire’s U.S. housing-related businesses are seeing double-digit growth of late.

Reporting By Ben Berkowitz; Editing by Maureen Bavdek

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