Video: Growth Numbers to Improve in Second Half of Year, Says Top Forecaster

The U.S. and world economies have shown improvement over the past year; however, there are still many uncertainties and troubling trends that worry investors. Last month, Barclays Capital Inc. chief U.S. economist Dean Maki provided his economic outlook during a keynote session at the 2011 Urban Land Institute (ULI) Real Estate Capital Markets Conference in New York City. The expert coined as the “ most accurate forecaster” by Bloomberg News, told a crowd of over 300 what to expect from the U.S. economy over the coming year, interest rates, Federal Reserve policy, and home prices. According to Maki, the current economic problem is not consumer spending, but rather “real consumer spending.” Additionally, he believes that inflation will continue to strengthen going forward and that the Federal Reserve will do absolutely nothing until 2012.