But now an economic research firm is predicting a economic silver lining to the Obamacare cloud. The law, Capital Economics notes, boosted real consumption growth in January and will likely drive a 0.3 percent increase in GDP growth this year. How so? Since more Americans are gaining health-care coverage, spending on medical goods and services is rising, the report notes. Theres no disputing that its going to boost real consumption this year, said Paul Dales, senior U.S. economist with Capital Economics, in a research note.
Posted on: Sat, 08 Mar 2014 04:01:41 +0000
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