U.S. economy: Moderate growth requires a "fiscal cliff" compromise


Daniel J. Meckstroth, Ph.D., vice president and chief economist
The central theme of MAPI's forecast for the next five years is that we believe the U.S. economy is in the midst of a transition period from sluggish growth to a longer period of moderate growth. For a smooth transition, politicians must (1) compromise and not go over the "fiscal cliff," (2) raise the debt ceiling early next year and (3) agree on a plan for meaningful long-term federal deficit reduction. Economic Update

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