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Wells Fargo Study: U.S. Economy to Grow Less than Expected

July 12, 2012, 07:42 AM
Filed Under: Economy

According to a study from Wells Fargo Securities’ Economics Group, the U.S. economy will continue growing in 2012, but growth will slow more than originally expected. The report expects the U.S. economy growth rate to remain at 1.7% for the balance of the year.
The report states that the gains the U.S. economy has seen thus far are related equipment and software spending, residential construction, and personal consumption.  However, growth expectations are low as a result of less than desirable growth in employment and income in 2012.
The study also identifies uncertainty over economic growth in Europe as the biggest risk to global growth.

Read the full Wells Fargo Securities Economic Group Study.


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