The Roller Coaster Ride Continues –
“Stephen Stanley,
chief U.S. economist at Amherst Pierpont Securities, said he expects slower
inventory accumulation to shave off one percentage point from the third-quarter
growth rate, leaving it slightly above 2%. Many other economists project growth
in the same territory.
“Just because of
the inventory situation this year, it may be that the second quarter is strong
and maybe the fourth quarter is OK but the third quarter is a little on the
softer side. But I think we’re going to end up at the same place,” said Mr.
Stanley, who expects a 2.4% growth rate for the year, roughly the same as 2014.”
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