The following is an excerpt from Morgan Stanley | January 26, 2012 | Barrons.com |
The Morgan Stanley economic forecast for the U.S. is that real gross domestic product growth averages about 2% over the next two years. The economy expands, but growth is held down by the unfinished business left from the financial crisis: continued dislocations in the mortgage market and the need to delever in the private and public sectors.
With real growth at only about the rate of the economy’s potential to produce, the unemployment rate will trend sideways, and inflation will edge lower.
Economic data are volatile and subject to the influence of special factors. Sometimes growth will turn …
Read more: Barrons.com
