The US economy is held back by slow growth in exports amid other struggling major economies, said Russ Koesterich, chief investment strategist at BlackRock Inc. For much of the last 20 years, the US consumers have been the engine of growth, even when global economies didn’t do particularly well. The US consumer is doing okay, but the economy is still …
One Man’s Opinion: Certain Sectors In The Economy Are Heating Up While Others Are Falling Behind
The biggest scar from the Great Recession is going to be a smaller labor force and less investment in the US, but it will be an expansion from the previous so-called new normal level, said Alan Krueger, an economics professor at the Princeton University and former Chairman of council of economic advisers. Asked to comment on Janet Yellen’s speech at …
One Man’s Opinion: Will Growth In The Second Half Be Stronger?
The latest jobs report is positive as it shows the economy continues to heal though there is a lot of work that needs to be done, said Alan Krueger, a professor at the Princeton University and former chairman of the White House Council of Economic Advisers. There are longstanding problems that even predate the recession that need to be addressed. …