S&P: US Economy Will Expand 2.0% in 2013

- maintains forecast for US growth next yr of around 3.1%;

 

 

- credit conditions in N Amer remain broadly favorable;

 

- expects Fed will maintain accommodative monetary policy through 2014;

 

- expects normalization of interest rates will be gradual;

 

- rebound in U.S. housing market continues to strengthen;

 

- expects Europe weakness to persist rest of the year;

 

- expects Euro Zone real GDP to shrink 0.8% in 2013, inch up 0.7% In 2014.

 

 

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