Caroline Cakebread
The U.S. isn’t going to experience a double-dip recession any time soon according to Joseph G. Carson, director, global economic research at AllianceBernstein.
Speaking in Toronto today, Carson explained that a combination of rising profits and liquidity at U.S. firms means companies will have to start spending soon. The coming spending spree will ensure that the U.S. avoids a second leg of the recession – and it will drive positive growth going forward.
Carson also discussed what he sees as a “new mix” taking hold in the U.S. economy as it shifts from a model based on consumption and housing to an economy fueled by exports and investment.
More to come…