Moody’s forecasts a slow growing economy with a 30% chance of another recession in the next year. What can be done to get things moving in the right direction?
The economic outlook depends on a range of issues, including political efforts to lay out a credible tax and spending path to reduce the deficit and stabilize the nation’s debt-to-GDP ratio. Zandi believes that once the fiscal cliff has been resolved, consumer confidence will revive and the economy’s prospects will brighten quickly.
And will be the key issue in November.