"It is reflective of the continuation of the soft patch
that the economy has been going through, but looking forward it seems that we're starting to gain a little bit of traction," Russell Price, a senior economist at Ameriprise Financial told (http://www.nbcnews.com/business/progress-jobs-front-will-be-slow-steady-6C10215235) NBCNews.
"I think they'll have to recognize that we're in a soft patch
, but they'll probably say it's not a recession."
"Trading at 10 to 11 times forward earnings, European equity have already discounted a form of soft patch
. In a certain sense, it is hard to find compelling alternatives to equity investments right now," he added.
- We however believe the soft patch
will prove short-lived.
After closing at its highest level in nearly three years on April 29, the S&P 500 has tumbled nearly seven per cent on the back of a barrage of soft economic data, sparking the debate over whether the economy is headed for a double-dip, or has merely hit a soft patch
in its recovery.
"The global economy is embarking on a 'soft patch
' and this is especially the case for advanced countries, but nobody knows what the magnitude and duration will be," said Herve Goulletquer, an analyst at Credit Agricole.
economy is now experiencing an economic "soft patch
." What makes this worse is that it follows an anemic economic recovery in which over half of Americans do not yet see an end to the recession.
"It is likely that this will be a soft patch
in the coming months but overall it will probably be a soft patch
rather than a double-dip recession or something worse," said Sean Incremona an economist at 4CAST in New York.
"The economy entered a soft patch
at the back end of 2010, and there have been few signs of a bounce-back.
The two preferred methods are the soft patch
and emergency water-activated repair patch (EWARP).
"So, we're certainly looking at a soft patch
over the next 12 to 24 months.
Although the UK economy hit a 'soft patch
' this year, the IMF expected it to grow by 2.25per cent in 2006 and expand by around 2.75 per cent in 2007.