The U.S. Economy…The Lack of an Ignition Catalyst

As of now, a tremendous amount of anxiety envelops the U.S. economy. Many assumed that the culmination of the presidential election would provide for a clearer path entering the New Year. Instead, almost before the final votes were counted, the emphasis shifted from who would win to the “fiscal cliff” looming over the horizon. Rajeev Dhawan, Head of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business, points out in his latest Forecast of the Nation the amount and degree of domestic confusion spearheaded by the uncertainty in the nation’s capital. The plight of the nation’s economy rests almost solely on the likelihood of the Administration and Congress resolving the fiscal impasse surrounding the negotiated deal of tax increases and spending cuts mitigating the impending fiscal cliff. In addition, Dhawan highlights the fact that regardless The U.S. Economy… The Lack of an Ignition Catalyst By Jack Malehorn The information in this forecast is gathered by the Journal from sources it considers reliable. Neither the Journal nor the individual institutions providing the data guarantee accuracy; nor do any of them warrant in any ...