Brian Rogers: We see economic growth slowing

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Oct 19, 2005
Brian Rogers: "The general economic backdrop remains favorable for good stock market performance. Earnings and dividend growth should continue at healthy but slower rates than last year. Investor confidence is reasonably healthy, and value stocks should benefit from favorabletax treatments for dividends and capital gains. However, we are somewhat concerned about higher energy prices, which are likely to restrain consumer spending among lower-income earners in particular. Government spending as a result of the hurricanes is likely to stimulate the economy in the short term and provide a boost to the equities markets, but longer term we see economic growth slowing from its pace during the first half of the year."

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