FXstreet.com (Córdoba) - The rating agency Standard & Poor's expects a US GDP growth of just 2.2% this year and only 1.8% in 2013, as recent jobs data disappointed and showed soft potential for economic growth.
Meanwhile, according to S&P chances of another US recession is about 20%-25%. "Chances of a quick turnaround are around 15%", said Standard & Poor's Deputy Chief Economist Beth Ann Bovino.
However, according to S&P, "The housing market, which has been a drag on growth since 2005, may finally be helping - not hurting - the recovery", said Bovino. "We expect residential investment to contribute to GDP growth in 2012, for the first time in seven years."
Meanwhile, according to S&P chances of another US recession is about 20%-25%. "Chances of a quick turnaround are around 15%", said Standard & Poor's Deputy Chief Economist Beth Ann Bovino.
However, according to S&P, "The housing market, which has been a drag on growth since 2005, may finally be helping - not hurting - the recovery", said Bovino. "We expect residential investment to contribute to GDP growth in 2012, for the first time in seven years."
