Read the text below in order to answer question
Robert Siddles, head of the US equities at Gartmore, says: "There has only been one recession in the last 16 years in the US, where there has been strong growth and unexpectedly low inflation".
He explains the economic picture has been almost perfect: "Murphy's law is working in reverse", Siddles says about the US economy. He explains: "If it can go right, it will go right".
But he is concerned about the level of the current account deficit, which is running out at about 5% of the gross domestic product. But Siddles adds: "The problem with the current account deficit may not be quite as bad as it appears. The government is borrowing less and the health of the economy is supporting the deficit".
The overall picture the text gives of the US economy is one of
DEFICIT SPELLS TROUBLE
The US economic expansion, which has already achieved an unprecedented period of unbroken growth, continues to stride ahead. But there could be trouble on the way.Robert Siddles, head of the US equities at Gartmore, says: "There has only been one recession in the last 16 years in the US, where there has been strong growth and unexpectedly low inflation".
He explains the economic picture has been almost perfect: "Murphy's law is working in reverse", Siddles says about the US economy. He explains: "If it can go right, it will go right".
But he is concerned about the level of the current account deficit, which is running out at about 5% of the gross domestic product. But Siddles adds: "The problem with the current account deficit may not be quite as bad as it appears. The government is borrowing less and the health of the economy is supporting the deficit".
The overall picture the text gives of the US economy is one of
