The U.S. economy is doing fine and should continue to do grow.[@@]
James Swanson, chief investment strategist at MFS Investment Management, Boston, gave that un-dismal forecast here at a year-end investment outlook conference.
The economy should do well because corporate debt levels are relatively low, capital expenditures have been high, and public companies have plenty of income they can use to make interest payments, Swanson said.
An influx of new workers entering the job market, an increase in business spending and economic growth in foreign countries all should contribute to continuation of the current expansion, Swanson said.