The U.S. economy, while still vulnerable, has shown encouraging signs of progress over the last few months, according to a report released Wednesday by TD Economics, an affiliate of TD Bank.

“Financial market volatility, Europe’s dual banking and fiscal crises, and a highly polarized U.S. Congress have done little to support confidence in this recovery,” said TD Chief Economist Craig Alexander. “Yet, despite some massive headwinds, the U.S. economy has proven to be surprisingly resilient.”

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.