Monday, January 20, 2014

Roubini: US to continue benefit from Slale

In the US, economic performance in 2014 will benefit from the shale-energy revolution, improvement in the labor and housing markets, and the "reshoring" of manufacturing. 


The downside risks result from political gridlock in Congress (particularly given the upcoming midterm election in November), which will continue to limit progress on long-term fiscal consolidation; a lack of clarity about the Federal Reserve's planned exit from quantitative easing (QE) and zero policy rates; and regulatory uncertainties.