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Economic Outlook & Issues: U.S. Economy: Still Stuck or a “Cyclical Bounce?”
U.S. Economy: Still Stuck or a “Cyclical Bounce?”
Allen Sinai and Andrew Husby
A significant pickup in third quarter real GDP and a strong Employment Report for October indicate that the U.S. economy is no longer stuck in a rut. At the least, a cyclical bounce up in overall growth has emerged and perhaps a higher pace of activity that will be sustained.
The economy looks better, but can the improvement be sustained? Decision Economics, Inc. (DE) believes so, expecting 2.5%-to-3% growth in the fourth quarter, bolstered by consumer spending and a strong Christmas retail season, in particular.