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Prospects for Individual Economies
Published online by Cambridge University Press: 26 March 2020
Extract
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.
- Type
- The World Economy
- Information
- Copyright
- Copyright © 2011 National Institute of Economic and Social Research
References
Council of the European Union (2011), Statement by heads of state and government of the Euro Area and EU institutions.Google Scholar
Holland, D., Kirby, S. and Whitworth, R. (2010), ‘An international comparison of employment in recovery’, National Institute Economic Review, 214, pp. F35–40.CrossRefGoogle Scholar