Economy lifts off runway but not out of woods yet
ON THE US
MFS Investment Management's James Swanson
Americans have lost some of their optimism and boldness about the future and their financial security. But they have not stopped spending. Retail sales and car purchases are stronger than at this time a year ago.
Soft data (surveys and confidence polls) are down, but hard data indicate the business cycle is not ending, as industrial production, capacity utilisation, exports, and inflation all point modestly upward....
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