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US Growth Is Expected to Slow in 2nd Half
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Two steps forward, one step back. That describes the current thinking about a year into the putative economic recovery.
On Friday, the government will release its report on the nation’s output for the second quarter, showing how much, if at all, the economy downshifted as the summer began.
Many economists — concerned about the sluggish pace of job creation, dwindling housing activity and decelerating retail sales — say that slowdown is continuing this summer and have recently downgraded their expectations for the second half of the year.
“Practically every Street economist took a knife to Q2 and Q3 G.D.P. growth,” David A. Rosenberg, chief economist for Gluskin Sheff, wrote last... Full Story |
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Submitted Jul 29, 2010 11:25pm
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