Summer View
Written by Jeff Thredgold, CSP, President, Thredgold Economic Associates
The U.S. Economy
…growth resuming?
The extended American recession, now into its 18th month, will be the longest and deepest of any since the Great Depression. A return to positive (if modest) U.S. economic growth during the July to September quarter is the consensus view of forecasting economists. Modest growth should be followed by more robust performance during 2009’s final quarter and more solid growth throughout 2010.
A return to U.S. economic growth clearly does not suggest that problems with housing, commercial real estate, sick investment portfolios, and wobbly financial markets are behind us. But it IS a step in the right direction!
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