Consumer Demand, Investment Pickup Will Trump Market Turbulence, Economic Forecast Says
Georgia State UniversityWith China’s economy stalled and the European economy limping, gross domestic product (GDP) growth in coming quarters is predicated on healthy domestic consumer demand and the return of investment spending despite recent stock market turmoil, according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business.