Experts bullish on global upturn

THE economic outlook in the United States is looking good and the recovery looks capable of being sustained and built upon, a leading Irish economist said yesterday.

Jim Power, chief economist with Friends First, said there was a very solid consensus that the US economic recovery was now firmly established.

“Even previously downbeat forecasters have become much more optimistic,” he said. “There are no illusions about the imbalances in the economy and the ongoing risks to economic growth, but there is a belief that these risks and imbalances will play out in a benign manner.”