"Our forecast assumes a deal will be made that avoids plunging the U.S. economy back into a recession in the first half of 2013," says Alexander. "However, spending restraint and tax increases will still cut economic growth by 1.3 percentage points in 2013,"Alexander warns that until there is more clarity on the political front, the fiscal situation represents the largest source of economic uncertainty.
TD Economics: U.S. Economy Ready To Take Off, But Fiscal Uncertainty Is Blocking The Runway
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.