By Eleazar David Meléndez: Subscribe to Eleazar's RSS feed
January 26, 2012 6:53 PM EST
The U.S. economy is not robust by any means, but the recent manufacturing-driven recovery, if tepid, is finally beginning to erase memories of the disappointing slowdown in 2011. On the wings of the recent gains, growth in most sectors of the economy is likely to continue - and maybe even pick up momentum toward the end of the year.
The second half of 2011 was "a soft patch from which the U.S. has rebounded fairly impressively," said Larry Hatheway, London-based chief economist for Swiss banking giant UBS. "This is an economy that is beginning to operate in virtuous cycles."
One wild card, though: housing. Weak home sales and depressed prices continue to be a drag on the economy and on people's perception of their own wealth.
This is the first in a series of periodic snapshots of the U.S. economy by the International Business Times; in these reports, we examine the key numbers and the trends they reflect:
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