Double-dip recession unlikely, says Principal's Baur
Principal Global Investors' chief economist outlines why the US economy is back on track, but raises issues that have the potential to slow the recovery.
There has been much talk of the potential for a double-dip recession, but the chief global economist of US manager Principal Global Investors doesn't believe that will happen, for a number of reasons.
During a trip to Hong Kong this week -- one of his four or five yearly trips to Asia from the firm's Iowa headquarters -- Robert Baur told AsianInvestor why he thinks a sustainable recovery is now in train.
First, the housing and auto sectors -- the typical drivers of the American econ…
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