The US economy possesses the fundamental building blocks it needs to accelerate in 2014 and emerge from the depressed ‘new normal' GDP range that has prevailed since the recession of 2008-09.
Personal consumption expenditure rose for the third consecutive quarter and is poised to accelerate as consumer confidence improves and revolving credit growth begins to recover; aided by the boost in household wealth from recovering housing prices. In addition, the employment market continues to show steady progress, with unemployment declining to the current rate of 7.3%. The growth in residential housing should continue, as the number of starts rebound from depressed levels in the aftermath of the housing crisis and accommodate positive demographic growth trends. As the 30-year fix...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
