Metal markets need stronger US growth: Morici
Jun 25, 2013 | 04:21 PM
| Everdeen Mason
KOHLER, Wis. For metal markets such as copper to improve there needs to be stronger overall growth in the United States, according to economist Peter Morici.
Morici said he is less optimistic than others about how strong the U.S. and global economies will be in the coming two years, but there is nonetheless some slight growth on the horizon, he said at the Metals Service Center Institutes Copper and Brass Products Division Conference in Kohler, Wis.
He said he expects the U.S. economy to grow more rapidly in 2014 than this yearhe projects gross domestic product growth of about 2.3 percent compared with a projected 2 percent growth in 2013but others are more optimistic. "If theres optimism about the economy, its good for metal prices, but now how long can that be sustained?"....
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