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Prospects for Individual Economies

Published online by Cambridge University Press:  26 March 2020

Dawn Holland ,
Aurélie Delannoy ,
Tatiana Fic ,
Ian Hurst ,
Ali Orazgani ,
Paweł Paluchowski  and
Rachel Whitworth
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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
National Institute Economic Review , Volume 217 , July 2011 , pp. F15 - F24
Copyright
Copyright © 2011 National Institute of Economic and Social Research

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References

Council of the European Union (2011), Statement by heads of state and government of the Euro Area and EU institutions.Google Scholar
European Banking Authority (2011), 2011 EU wide stress test, aggregate report.Google Scholar
European Commission (2011), European Economic Forecast, Spring 2011.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