U.S. economic recovery to be quicker than Europe's, says world economist at Urban Land Institute meeting
F ormer editor-in-chief of The Economist, Bill Emmott tells crowd at Urban Land Institute’s fall meeting that U.S. could rebound quicker than Europe.
He said U.S. businesses can react more quickly to recession, meaning laying people off sooner. But on the flipside, U.S. businesses quick reaction time, also means they can rehire sooner.
Emmott also believes the U.S. will see a "u" shaped economic recover. The first leg of the "u" was the boom, now we are at the bottom and possibly looking moving up towards the last leg in the "u."
One reason the U.S. could see a quick boost is that …
