The Case For A Constructive US Growth Outlook
US GDP numbers disappointed in the fourth quarter, showing the first contraction in growth since 2009, and the unemployment rate ticked up from 7.8% to 7.9% in January. In this podcast, US analyst Calvin Garner talks to senior Infrastructure and Power analyst Michelle Karavias and Oil and Gas analyst Elena McGovern about what they are seeing on the industry level, and why BMI is still relatively constructive about the direction of US growth in 2013.
March 30th, 2013 at 2:31 am
its easy to forcast growth, when a country is borrowing one third of its,budget,
this also happened during the growth period in europe
countries that arnt rich , pushed ahead on money they hadnt earned
,then,it was decided they could not keep puting debt on debt
,so america might grow in the short term but the cut backs will come ,
but what happens when the cutbacks happen, they are scared of 80 billion cutbacks at present , what about 800billion which must happen,
where will the growth come in america over the next 20 years
,they cant keep borrowing a third of there budget,