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