Despite some recent weakening in the economic data, the U.S. economy remains poised to re-accelerate in the second half of 2012. This month, we also examine shifts in global manufacturing competitiveness.
Document Highlights
- Despite recent weaker data, U.S. economy is poised to pick up
- Underlying domestic fundamentals are on firmer ground
- CEO Confidence confirms optimism about growth prospects
- Downside risks from slower emerging market growth and European debt crisis
- While global economic growth is moderating, second half of 2012 may look better than first half
- U.S. competitiveness in manufacturing, remains strong relative to other advanced economies
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