Economic outlook is ‘not so bad,’ says Cox Automotive economist
Action from Cox Automotive's 2020 Industry Insights Breakfast. Photo courtesy of company.
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Friday, Feb. 7, 2020, 03:26 PM
Arlena Sawyers, Correspondent
DETROIT -
“Not so bad” meaning “equally good and bad on either side of the coin,” is how Cox Automotive chief economist Jonathan Smoke sized up the economic outlook for 2020. Unemployment is at a 50-year low, consumer sentiment continues to be “relatively high” and consumers are seeing strong wage and income growth, he said. But there are […]