Seven years into a domestic recovery, the US economy remains sound although it encountered heavy weather in the first half of this year. “There is no doubt that slowing global demand did diminish trade and investment,” says Kevin Thorpe, Cushman & Wakefield’s global chief economist. “However, as the second half of the year unfolds, we expect those categories to pick up steam, supporting stronger corporate profits, inflation and real GDP growth.”
Expansion Holds Steady, Seven Years On