The U.S. economy is finally showing signs of life. GDP grew 2.8% in the third quarter, breaking a string of four quarterly declines in a row, the longest since the Great Depression. But the outlook for this year is still far from rosy. Treasury & Risk asked economists Diane Swonk of Mesirow Financial, Michael Dueker of Russell Investments and Ken Goldstein of the Conference Board to look into their crystal balls. The 3% growth Swonk is forecasting is tame by historical standards in the wake of a recession, she says, but notes that credit is still hard to come by, especially for consumers. Dueker doesn't expect inflation to be a problem but sees the dollar remaining under pressure. And Goldstein says the economy still faces stiff headwinds as high unemployment and demographic changes limit consumer spending.
Sweating Out a Possible Double Dip
By Diane C. Swonk
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.