Loading
15-Jul-2010 8:50 AM

US GDP growth forecast to slow in 2H2010 as rebound dissipates

The Conference Board forecast (14-Jul-2010) US GDP growth of 1.5% to 2% in 2H2010 as a result of slow consumer spending, weaker investment growth and a significant cutback in government spending. Chief Economist, Bart van Ark, stated the rebound effects from the recession have almost entirely dissipated in the US economy and a growth slowdown, starting in summer 2010, is becoming "increasingly apparent". There are no signs of a “double dip” recession. [more]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More