Forex | Forex | US: Auto sector to boost H2 growth (03/08/2009 09:51:52)

US: Auto sector to boost H2 growth

Since the onset of the recession in late 2007, US auto and light truck sales have plummeted to historical lows. However, going into H2 09, there are several good reasons to believe that motor vehicle production could be one of the main drivers of GDP growth. Demand for vehicles is set to recover in H2 09 – perhaps strongly. Pent-up demand could be unleashed very quickly as the government’s CARS incentive programme is now kicking in. On top of this, healing credit markets and tax breaks should

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