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Slow economic growth will persist this year as consumers continue to pay down debt and adjust to tax increases and businesses hire at a sluggish pace. That was the message Jay Bryson, global economist for Wells Fargo bank, delivered Tuesday at the Greater Lehigh Valley Chamber of Commerce's economic outlook luncheon. Inflation will remain tame, but growth in key areas of consumer spending and housing construction will remain slow this year, Bryson said. Government spending cuts also will weigh on the economy this year, he said. Click here to read the article.
Slow economic growth will persist this year as consumers continue to pay down debt and adjust to tax increases and businesses hire at a sluggish pace.
That was the message Jay Bryson, global economist for Wells Fargo bank, delivered Tuesday at the Greater Lehigh Valley Chamber of Commerce's economic outlook luncheon.
Inflation will remain tame, but growth in key areas of consumer spending and housing construction will remain slow this year, Bryson said. Government spending cuts also will weigh on the economy this year, he said.
Click here to read the article.