2012beof-111206092256-phpapp02

S economic outlook t wo and a half years have passed

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Unformatted text preview: d-a-half years have passed since the National Bureau of Economic Research officially declared the end of the recession, and the nation is still experiencing slow economic growth. Employment is showing gains, jobless claims are generally declining, incomes are rising modestly, and GDP numbers point to sustained economic growth. For many in the United States, however, it still feels like the country is rooted in recession, and the economic conditions that lead us into 2012 are anything but certain. The eurozone crisis, if left unabated, will undoubtedly wreak havoc in U.S. markets. The nation continues to add jobs month-over-month, but the pace of job growth is falling far short of a V-shaped recovery. Measures of wealth, including home values and investments, have yet to provide stable footing. Of looming concern is the lack of consensus of the 12-member Joint Select Committee on Deficit Reduction (the “super committee”), which was charged with finding $1.5 trillion in debt savings over 10 years. Hiring has been slow, w...
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