"While the difficulties in housing and credit markets and the effects of high energy prices will extract a penalty from growth, the U.S. economy has many strengths, and I expect the expansion to continue."
But one thing economists are concerned about is the possibility of consumers and businesses cutting back on spending and investing. This could then cause economic growth to backtrack. "Spending by consumers and businesses is the lifeblood of the country's economic activity," says an article on CNNMoney.com.
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