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Prospects for Individual Economies

Author

Listed:
  • Holland, Dawn
  • Delannoy, Aurélie
  • Fic, Tatiana
  • Hurst, Ian
  • Orazgani, Ali
  • Paluchowski, Paweł
  • Whitworth, Rachel

Abstract

The rate of growth of the US economy moderated in the first quarter of 2011, and remained lacklustre in the second quarter of the year, as the high oil price eroded real wages and weighed on consumer spending. In 2011 as a whole, we expect GDP to expand by 2½ per cent, with an acceleration to nearly 3 per cent expected in 2012.

Suggested Citation

  • Holland, Dawn & Delannoy, Aurélie & Fic, Tatiana & Hurst, Ian & Orazgani, Ali & Paluchowski, Paweł & Whitworth, Rachel, 2011. "Prospects for Individual Economies," National Institute Economic Review, National Institute of Economic and Social Research, vol. 217, pages 15-24, July.
    • Handle: RePEc:cup:nierev:v:217:y:2011:i::p:f15-f24_5
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