Plenty of cause for optimism on US recovery, economist says

Sep 15, 2011 | 05:10 PM | Corinna Petry

Tags  Economy, jobs, inflation, spending, MSCI Economic Forecast Summit, Alan Beaulieu, Institute for Trend Research, Corinna Petry

SCHAUMBURG, Ill. — The United States is in a better position to recover from the global economic recession than other industrialized nations, according to one U.S. economist, who noted that there’s plenty of reason for optimism.

"You should be optimistic about the future. The U.S. economy will expand into 2013 after slowing through the second quarter of 2012," Alan Beaulieu, senior analyst, economist and principal of the Boscawen, N.H.-based Institute for Trend Research, told some 400 Metals Service Center Institute members at the annual MSCI Economic Forecast Summit this week. "There’s no recession—we are just slowing down."

Industrial production has slowed to a growth rate of 1.5 percent, but Beaulieu expects it will accelerate again over the next 18 to 24 months. ....

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