COLLEGE PARK, Md. – A weak housing market, tight credit for small businesses, no significant growth in the banking sector, anemic consumer spending, and modest sales for retailers – that’s the outlook for 2012 according to experts at the University of Maryland’s Robert H. Smith School of Business.
“Several important dynamics frame the 2012 economic outlook,” says Cliff Rossi, Tyser Teacher Fellow and executive-in-residence. These factors include:
- Massive financial leveraging across the board by sovereign countries, state and local governments, banks, businesses, and individuals;
- Fear and uncertainty among consumers and investors, despite faint signs of optimism at times;
- Political self-interest and brinksmanship increasingly interfering with effective policy making. (more…)