Growth should pick up as gas prices come down, effects of Japan quake fade
By CHRISTOPHER S. RUGABER, PAUL WISEMAN
updated 6/27/2011 4:57:38 PM ET
WASHINGTON — Farewell and good riddance to the first half of 2011 — six months that are ending as sour for the economy as they began.
Most analysts say economic growth will perk up in the second half of the year. The reason is that the main causes of the slowdown — high oil prices and manufacturing delays because of the disaster in Japan — have started to fade.
"Some of the headwinds that caused us to slow are turning into tail winds," said Mark Zandi, chief economist at Moody's Analytics.
Full story:
http://www.msnbc.msn.com/id/43554032/ns/business-eye_on_the_economy
No comments:
Post a Comment
Please leave your feedback.