economic outlook newsletter
Thursday, January 28, 2010
An Encouraging Note
The economy ended a dismal 2009 on an encouraging note. Much of the fourth quarter data has indicated a widespread pickup in economic activity. The big question is whether or not the private sector will generate enough momentum during the first half of 2010 to sustain the recovery once the public sector stimulus starts to taper away.
Recovery in Europe is very uneven. The core economies of Germany and France are making solid contributions to economic growth on the continent. A number of other economies continue to struggle greatly. The UK is in the process of joining the ranks of the growing.
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