Fiscal Healing Is Under Way

NEW YORK CITY-You can pretty much dismiss the ranting going on in Washington, DC. Unless politicos totally meltdown and throw a major monkey wrench into the recovery, you can expect a continuation of the slow, steady growth we saw in 2012. That was the clear message shared at Prudential Financial Inc.‘s fifth annual Global Economic and Retirement Outlook briefing, held at the Millennium Hotel here.

The key of course is to measure the recovery in inches rather than miles. “The macro environment is a little more stable than this time last year,” said Edward F. Keon, managing director and portfolio manager of Quantitative Management Associates. “A European collapse is a little less likely, and in the US, there’s a little less uncertainty.