Speed Limits Ahead
As U.S. economic activity faltered during the second half, fears increased that the economy could dip back into recession or see a prolonged period of subpar growth. Alan Levenson, chief economist at T. Rowe Price, argues that the quick U.S. policy response will prevent a "lost decade" in the U.S. similar to Japan's experience in the 1990s. Still, there are plenty of reasons to expect the economy's growth to remain constrained. Kevin Logan, chief U.S. economist at HSBC, notes that U.S. households' debt-to-income ratio is still considerably higher than it was prior to the housing bubble, and consumer spending isn't likely to revive fully until that ratio drops. And economist Asha Bangalore of Northern Trust points to banks' wariness about lending as a major restraint on growth.
Swift Steps Help Avert 'Lost Decade'
By Alan Levenson
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
