WORCESTER – Investment strategist Jim Paulsen believes the country’s eight-year, slow economic recovery will continue but its character will change.
He spoke about the recovery and other matters during a Worcester Economic Club meeting held Wednesday night at the College of the Holy Cross.
Noting that business and investment decisions hinge on when the parties involved foresee recovery, Mr. Paulsen said growth to date has occurred without any negative consequences but that situation is about to change.
“One of the silver linings of slow growing may be that it will be long-lasting,” Mr. Paulsen said during an interview prior to his speaking engagement.
“Up to this point, the U.S. could grow the economy without raising costs or inflation rates. It didn’t cause a need to reset interest rates. It’s been a wonderful deal – growth without consequences.”