Dr. Peter Morici: US economic outlook 2012
Jan 4th, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The US economy is expected to register 3% growth or better for the 4th quarter, thanks to stronger consumer spending; however, the growth in consumption has been outpacing income, debt is piling up again, and some pull back in consumer activity is likely the first half of 2012.