On balance, we would say that the economy remains mired in a sluggish growth environment. For 2013 as a whole, we would expect the economy to grow around 2%, but the year is likely to get off to a slow start due to the imposition of new taxes and a likely delay in tax refunds.
-Russ Koesterich, global chief investment strategist, Blackrock
- The debt ceiling and spending cuts still need to be addressed and present opportunities for further risk.
- The US economy will remain sluggish in 2013. Look for growth of around 2%.
- Outside of the US, we would encourage investors to focus on emerging markets, with an emphasis on China.