Jan
28
Wall Street Turmoil to Bend, Not Break, Economic Expansion
By-
Disappointing growth more likely than outright recession
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`I am not in a panic,’ says shopper eyeing Tesla model S
The turmoil in financial markets may slow the U.S. economic expansion. But it probably won’t kill it.
While the threat of a downturn has risen, consumers and companies have the wherewithal to weather the turbulence in stocks and keep the economy afloat, economists say.
“The risk of a recession in 2016 is pretty low, certainly under 25 percent,” said David Hensley, director of global economics for JPMorgan Chase & Co. in New York. “I’m more worried about growth downshifting to 1 to 2 percent than I am about a recession.”…
Wall Street Turmoil to Bend, Not Break, Economic Expansion
