Monday, January 4, 2010
The ISM manufacturing survey released today again reinforces the fact that significant portions of the U.S. economy are experiencing a V-shaped recovery. As this chart suggests, we are likely to see real GDP growth of 4% or possibly even more in this first quarter of the new year. I'll stick with my projection of 3-4% real growth on balance for the year. This is undeniably excellent news for the economy.
Posted by Scott Grannis at 8:25 AM