Topic: David Greenlaw
The short answer is yes. Forecasters anticipate that extending the Bush tax cuts, as well as other measures in the Obama-GOP deal, will breathe life into the economic recovery.
States have launched into their 2011 fiscal year saddled with many of the same state budget problems that they had the year before. Forty-six states have a fiscal year that starts July 1.
Tepid but sustainable, is the most common answer. Growth in Asia will be the main driver, with help from a modest revival in the US.
Troubled loans – from homes to cars – could trim economic growth by 1 percentage point, a new forecast says.