Starting The New Year With A Bit Of A Hangover

As New Year's Day often proves, excess can be costly. The same is true for the economy. But instead of suffering a headache from too much champagne, the economy is coping with an inventory hangover due to overproduction. It's also hurting from a cooler pace of consumer spending brought on by slower job growth and credit-card bills rung up during the holidays.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.