WHAT’S THE BIGGEST ECONOMIC THREAT?

The choices in last week’s Quick Poll actually came from a Top 10 list of economic trends provided by Global Insight. So who better to comment on the poll than GI US economist Nigel Gault? For the record, Housing Woes topped our readers’ list, at 37% of the vote, while a Weak Dollar took second place at 27%. It was followed closely by Oil’s Stranglehold, the major woe for 25%. Sputtering Fiscal Growth was checked off by 12% of our readers. Here’s what the Lexington, MA-based Gault has to say about the nation’s–and the world’s–fiscal steadiness:

“The number-one question mark on people’s minds is how severe the slowdown is going to be on the US economy. It’s very clear that US growth is going to be the weakest at least since 1992 when it was 1.6%. We’re looking for just under 2% growth now, but that doesn’t quiet tell the story. The next two to three quarters are looking extremely weak, with growth close to zero–and in some quarters less than zero–and an economy that will technically avoid a recession but will feel like a recession.

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