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.
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.