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Economy Poised For A Stronger Second Half Of 2013

Written by Heidi Schwartz. Posted in Construction & Renovation, Economic Development, Expansions & Renovations, FacilityBlog, Featured Post, New Facilities Construction, Professional Development, Topics

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Published on July 24, 2013 with No Comments

Posted by Heidi Schwartz

Improvement in both consumer confidence and the labor market are expected to boost economic growth in the second half of the year, according to Fannie Mae’s Economic & Strategic Research Group. The latest jobs report showed steady year-to-date job creation and measures of consumer confidence are at or near recovery highs.

“Consumer attitudes are improving amid a strengthening employment sector, and we should begin to see a moderate pickup in consumer spending. Overall, we expect economic growth to come in at 2% in 2013, but further momentum later this year should help carry growth in 2014 to an above-par pace of 2.6%, the strongest since 2005,” said Fannie Mae Chief Economist Doug Duncan.

For an audio synopsis of the July 2013 Economic Outlook, listen to the podcast on Economic & Strategic Research. To read the full July 2013 Economic Outlook, click here.

About Heidi Schwartz

Heidi Schwartz

Schwartz joined Group C Media in April 1989 as managing editor of Today's Facility Manager (TFM) magazine (formerly Business Interiors) where she was subsequently promoted to editor/co-publisher of the monthly trade magazine for facility management professionals. In September 2012, she took over the newly created position of internet director for TFM's parent company, Group C Media, where she is charged with developing content and creating online strategies for TFM and its sister publication, Business Facilities. Schwartz can be reached at schwartz@groupc.com.

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