Skip to Content
Investing Specialists

Slower 4Q GDP Growth Looks Likely; 2013 Prospects Intact

A larger-than-expected trade headwind (which should reverse over time) plus a meaningful hit to government spending will likely result in 1.0%-1.5% GDP growth in the fourth quarter.

Mentioned: , , , ,

Equity markets barely budged this week, with limited economic news and less than newsworthy earnings reports from  Alcoa (AA) and  Wells Fargo (WFC) (both came in pretty close to expectations).

About the only real excitement for the week was news that China's exports had a substantial increase in December (14%), which raised hopes that China was indeed having a gradual descent and not a crash landing.

Robert Johnson, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.