US economy solid now but fiscal cliff casts a pall: NAM

Oct 18, 2012 | 12:51 PM | Suzy Waite

Tags  manufacturing, Aluminum Extruders Council, Aluminum Association, fiscal cliff, taxes, Budget Control Act, Chad Moutray, National Association of Manufacturers Chad Moutray

CHICAGO — Although the U.S. economy has held up reasonably well this year compared with Europe and China, it could be on the brink of another recession as early as the first quarter if certain tax policies currently in place are not renewed, according to Chad Moutray, chief economist at the National Association of Manufacturers (NAM).

The manufacturing industry has been recovering since the recession, but this could be reversed depending on what happens in Washington, Moutray told the annual meeting of the Aluminum Association and Aluminum Extruders Council in Chicago. ....

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