DAVOS – Could 2013 be a better year for the global economy than 2012 was? The answer, in principle, is yes. In practice, however, the answer could be more depressing.
In the United States, the pieces are in place for stronger growth. The housing market is finally recovering. The Fed has signaled that it is prepared to do more to support growth and bring down unemployment. All that other US policymakers have to do to ensure that 2013 is better than 2012 is avoid shooting themselves in the foot.