The Fiscal Cliff could trigger a second recession, a 2% decline in GDP to flat 0.4% growth, and increased unemployment to upwards of 10%, all which would dramatically affect demand for U.S. transportation assets, according to a report by Fitch Ratings.
Fitch: Fiscal Cliff Could Trigger 2% Decline in GDP & Negatively Affect Transportation Demand
NOV 19, 2012 12:44pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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