TD Economics Forecast: Fiscal Austerity Will Slow Economic Growth in the Years Ahead

TD Economics said in its latest quarterly economic forecast that economic growth over the last year has been modest, but healing has continued as the housing market has become a tailwind rather than a headwind. The worst of the deleveraging cycle and its dampening effect on economic growth appears to be over, TD says, but, just as the U.S. economy appears set for take-off, one obstacle remains.