US Economy to Benefit from The Shale-Energy Revolution
In the US, economic
performance in 2014 will benefit from the shale-energy revolution,
improvement in the labor and housing markets, and the "reshoring" of
manufacturing.
The downside risks
result from political gridlock in Congress (particularly given the
upcoming midterm election in November), which will continue to limit
progress on long-term fiscal consolidation; a lack of clarity about the
Federal Reserve's planned exit from quantitative easing (QE) and zero
policy rates; and regulatory uncertainties.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics