US Economic Outlook Upgraded for 2012
By Bluford Putnam - Thu Dec 15 11:58:00 CST 2011 CT
US Economic Outcome

Improvement for the USA in Unemployment, Inflation

The economic outlook for the United States is materially improved. We are now forecasting real GDP to grow around 3.5% to 4.0% for 2012, with the unemployment rate declining below 8% by the end of the year. Core inflation, excluding food and energy, will continue to creep higher and be running around 3.5% by December 2012.

In terms of real GDP, this is a substantial upgrade from our previous 1.5% to 2% forecast for 2012. We are not, however, revising our view that the US will average around 2% annual real GDP growth for the decade, but we have come to the conclusion that 2012 will be considerably above average.


 
 
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