Sub-Par Growth: Economic Workout Continues |
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U.S. Overview Sub-Par Growth: Economic Workout Continues Our outlook remains for sub-par growth with weakness continuing in consumer spending, residential investment and capital spending for the second half of this year. In contrast, government and net exports should continue their positive momentum. Overall, our expectation is that real final sales will grow at only one percent in the second half of this year compared to 2.5 percent for all of 2007. Inflation, as measured by the core PCE
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