Shoulder to the Wheel

Villere, Pierre
November 2012
Concrete Producer;Nov/Dec2012, Vol. 30 Issue 7, p18
The article discusses concerns over the falling off of Fiscal Cliff which can drive back U.S. economy into recession and the jobless rate jump 9.1% by end of 2013. It predicts that economic output will decline by 0.5% in 2013 if Congress does not avert the tax increases and spending cuts. It indicates that with a deal, the U.S. gross domestic product (GDP) will increase 0.4% and employment 400,000 by the 4th quarter of 2013 if lawmakers avoid 55 billion U.S. dollars in defense spending cuts.


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