Murray told the 40th Annual Meeting of the Construction Writers Association on May 1 that the nation continues on a path of strong GDP growth without inflation.
Yes, asia’s financial troubles bear watching. And everyone knows the current building boom can’t last forever. Nonetheless, when McGraw-Hill Construction Information chief economist Robert Murray rhetorically asked, “Where are the imbalances that will derail this expansion?,” he answered, “They are hard to find at the moment.”
Murray told the 40th Annual Meeting of the Construction Writers Association on May 1 that the nation continues on a path of “strong GDP (Gross Domestic Product) growth without inflation. The question for 1998 is, will there be an impact from Asia? Nobody knows, but there’s no smoking gun yet for inflationary pressures that would cause the Fed to tighten up.”