Vitner suggests US Economy growing “slower,” but not “close to the edge” for recession

Mark Vitner, Senior Economist for Wells Fargo Securities, was interviewed for the firms’ monthly “Economic Outlook” video for August.

His analysis suggests slowing growth for the US Economy, influenced by developing trends of decline in consumer spending, along with uncertainty in Europe and lack of revenue growth in all levels of US government.

Wells Fargo did downgrade their end-of-year forecast for US GDP growth this month to less than 2%.

This video can also be accessed at this link on YouTube. 

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