July 12, 2013
Michael Durand, Senior Vice President and Senior Portfolio Manager, Capital Region, Key Private Bank.
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Spotlight On Finance
In the United States, stabilization in the housing markets and relief from worry about a fiscal crisis have allowed the U.S. economy to reaccelerate from weak fourth quarter growth. Yet there are still headwinds to faster growth. U.S. consumers remain income constrained, and business confidence is still mired at very low levels. Improving conditions overseas should generate faster global growth, but doubts about that recovery have grown.