U.S. Economy Rates '1 Thumb Up'

Summary


The U.S. economy will experience slow, grinding growth in 2012, while the regional economy -- having some improvement since the recession -- will continue to perform well, PNC's chief economist said on Thursday.

"I'd like to give the economy two thumbs up, but I think that at least one thumb up would be more accurate as we move ahead," Stuart Hoffman, chief economist of PNC Financial Services Group, told about 120 members of the region's business community at the Duquesne Club, Downtown.

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U.S. Economy Rates '1 Thumb Up'

"There will be no double dip, no relapse back into recession."

Nationally, Hoffman pred...

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