This quarterly report focuses on the latest economic developments in the U.S. economy, tracking trends in labour, consumer, energy and housing markets, and examining industries and regions. Monetary and fiscal policy assumptions are also included.
U.S. Outlook Spring 2006
U.S. Outlook Spring 2006
Global Economic Analysis
$850.00
- U.S. real GDP will expand by 3.2 per cent this year, slightly less than the growth recorded in 2005.
- Higher interest rates and lower housing demand will somewhat weaken growth in household spending.
- The current account deficit will surge to US$855 billion in 2006 despite strong export growth.
- The U.S. dollar will experience a modest depreciation this year, mainly because U.S. interest rate increases will come to an end in the spring.
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