Mellon: Economic Growth Outlook 'Meh' For U.S.

  • August 26, 2011
A new study from Mellon Capital Management, part of BNY Mellon Asset Management, argues that growth in the U.S. over the next 12 months will decline to around 2%.

The report attributes the lower growth forecast in the U.S. to the impact of the "uncertainty of government policies during a soft economic patch."  The weakening economic outlook, in Mellon Capital's view, could limit earnings growth for the companies comprising the Standard & Poor's 500 Index to approximately 6.8% over the next 12 months.

Next story loading loading..