Economy
January 15, 2015
ITR Says No Recession for the U.S.
Written by Sandy Williams
Each quarter ITR Economics and HARDI offer a forecast on the construction industry. Steel Market Update provides a summary of that forecast on a national and regional basis. This week we are going to change our format slightly and provide the national forecast summary based on ITR’s Interactive Regional Economic Forecast Webinar. We will provide regional data in a later issue.
According to ITR, the U.S. is performing well. GDP is up 4.7 percent and U.S. industrial production is on the rise. The economy continues to expand but at a slower pace. No recession is in sight, says Alan Beaulieu, economist with ITR, just an economy that is going to “cool itself” in response to Europe and Asia.
