US manufacturing seen expanding: economist
Feb 21, 2014 | 11:11 AM
| Catherine Ngai
PHOENIX The U.S. economy is facing a number of headwinds in 2014, including tax burdens, structural unemployment and overregulation, although a strong manufacturing sector coupled with certain strong end markets is underscoring modest growth, according to one economist.
Calling 2014 a year of "cautious optimism," Daniel C. North, chief economist at Baltimore-based Euler Hermes, told participants at the Metals Service Center Institutes Carbon Conference in Phoenix that global growth is predicted to be around 3.1 percent this year vs. 2.3 percent in 2013.
"Most of that is from emerging markets like China and India," he said. "The eurozone has just come out of a recession and were expecting growth of around 1 percent there. In the U.S. (market), we expect to see more anemic and modest growth in 2014, which will be better than 2013." ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.