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 Summer 2006
U.S. Outlook Summer 2006
Global Economic Analysis
$875.00
- Real GDP growth will be weaker in the second and third quarters of this year, largely as a result of higher interest rates and rising energy prices.
- In 2007, real GDP growth will be 2.7 per cent.
- The current account deficit will remain well above $800 billion over the near term.
- The main risk to the outlook remains the possibility that energy prices will soar to or above US$75 per barrel.
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