Rules of thumb for the US economic growth

US economic growth - Economists appear to be split on the outlook for the US economy over the next few quarters. One hand you have the pessimists, that seem to be led by SocGen’s Albert Edwards. Last week Edwards proclaimed that the US economy is on the verge of a recession as consumer spending is the only thing holding up economic growth at present. On the other hand, optimists apparently see no reasons to be worried about the state of the US economy and continue to forecast steady economic growth for the rest of this year and 2017.


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