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Reuters poll: US economic growth to slow in 2012

The uptick in economic activity in the US during the second half of this year is not likely to be sustained through 2012, a Reuters poll suggests. 

Source:
Date:
Updated:
Reuters
Wednesday, November 9, 2011
Wednesday, November 9, 2011

Reuters
Nov. 9/11 (Reuters) – An acceleration in the pace of U.S. economic growth in the second half of this year is expected to ebb as 2012 gets underway, although the odds of another recession have receded to one-in-four, a Reuters poll showed on Wednesday.

Encouraged by a recent pick-up in economic data, the consensus from more than 60 respondents showed a better view on the final three months of the year and 2011 overall.

But the pace of is expected to wane from an annualized 2.5 percent in the third quarter, and growth is not expected to get back to that rate again until the final quarter of next year.

More fiscal restraint, uncertainty surrounding the euro zone sovereign debt crisis and lackluster consumer sentiment and spending are all seen taking some of the steam out of growth early next year.

This is an excerpt from Reuters as it appeared on November 9, 2011. For updates or to read the current version of this post in its entirety, please click here.

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Report by German consultancy firm shows that small hotels in The Bahamas need to implement more environment-friendly practices to cut energy costs, according to Phenton Neymour, Minister of State for the Environment. The Minister was speaking at the Bahamas Home & Builders Show held earlier this month (pictured).

United States Secretary for Homeland Security Janet Napolitano has arrived in Nassau ahead of the Second Caribbean-US Security Cooperation Dialogue, which opens in New Providence this morning.

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