A Chief Economist's Forecast

Nigel Gault,Chief Economist with IHS Global Insight,notes that it's quite clear that GDP will start moving up in Q3-4,a rather modest recovery.The biggest concern is the strength of the consumer.It's hard to see the consumer being the engine as in the past.
Keep a close eye on where the main cyclicals are moving,Mr.Gault advises.I don't see Gross Domestic Product getting above 2.5% until 2011,he said.I do see substantial growth in housing and autos next year.Inventories are going to be a big plus going forward,Mr.Gault added.