The initial 4Q12 numbers showed the U.S. GDP slid into negative territory, -0.1%. Many informed watchers believe this was due to temporary influences and that the number will be revised up to +0.3% once the improved trade numbers are factored in. The economy continues to power through the international headwinds and dysfunctional political environment here at home. Despite the fiscal cliff, postponement of sequestration, debt ceiling and a meaningful budget, our economy continues to produce jobs and chug along. Conditions will continue to be choppy, but ultimately slow and moderate growth will prevail.
The economy shrank in 4Q12 – but the details are not as discouraging as the headline:
Read more...The Briefing: Economy Shrank in Q4, but Forecast is Not Discouraging | NREI Readers Write
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.