Outlook for 2010 - 02-Feb-2010
Economic news in North America and Europe continues to focus on the fragile state of the recovery. The focus of discussion is whether the recovery is sustainable. Undoubtedly, there are serious problems remaining to be resolved, including high unemployment, massive and rapidly growing government debt, uncertainty with regard to a great deal of consumer and business debt especially in the United States, and countless other very real concerns.
Anybody who reads a newspaper or hears the television news can list off all of the problems facing the American economy. However, it is not a given that the presence of those problems will plunge the economy back into recession as some people would have you believe. The situation is improving, and growth in United States this year is forecast to exceed 2%. That level of growth is much less than most people would like to see, but certainly it is a movement in the right direction. Personally, I see growth in United States remaining at a..
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