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OPTIMISM * USA - FedEx Economist Predicts Strong Recovery
Consumer angst could slow or even stop return to growth, Morgan Stanley warns
New York,NY,USA -The Journal of Commerce, by William B. Cassidy -Oct 9, 2009: -- The recovery may be sharper and quicker than expected, but FedEx’s chief economist believes consumer wariness could blunt it within a few quarters... Gene Huang believes the economy is “firmly recovering,” and that real GDP will grow 3 percent in 2010, Morgan Stanley analyst William Greene said today in a note to investors. The consensus for U.S. GDP growth next year — 2.4 percent — could prove “far too conservative,” Huang told Morgan Stanley analysts... The average GDP growth rate in the year following the 10 recessions since World War II was 5.4 percent, Huang told Morgan Stanley. Industrial production has historically jumped by 10 percent or more in the year after a recession...Labels: trucking's optimism
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