US economy to grow at a modest pace in 2010
Posted by Stephen Cline on April 14th, 2010Every now and then, people express their views as to how the US economy is shaping up and also as to the pace of growth, now that it seems like the US economy is slowly emerging out of the woods and could be inching its way towards a semblance of some sort of normalcy. While the US economy parameters and indicators seem to be showing some slow signs of recovery, it remains to be seen how long it will actually take for full blown growth and recovery of the economy. There are many who are saying that the rest of 2010 will see a kind of moderate pace of growth for the US economy and the growth will really not be outstanding, remarkable or spectacular by any stretch of imagination.
There are signs that the housing sector is not likely to contribute to much growth. The subprime crisis has hit this sector so hard that it is tough to imagine any recovery at all in the short or even the medium terms. The consumer spending is likely to pick up somewhat given the fact that consumer confidence seemed to be on the upswing to some extent. But robust and quick growth is something that is still a year away at least.
Tags: modest pace, US economy