A Pause, Not a Trend: Comment on Q1 GDP From Kathy Bostjancic, Director for Macroeconomic Analysis, The Conference Board

摘要

2011 MAY 13 - (VerticalNews.com) -- The U.S. Bureau of Economic Analysisrnreported 1.8 percent growth in real gross domestic product for the first quarter of 2011.rnThe lackluster economic performance in Q1 is less than generally anticipated at thernstart of the year, but we do expect a resumption of moderate growth going forward. ThernConference Board Leading Economic Index® for the United States signals sustained moderaterngrowth in the next three to six months, despite continued problems in the housing market,rnconcerns about food and gas prices, and continued austerity for state and local government.rnHowever, moderate growth is not enough to meaningfully lower the unemployment rate or helprntackle our large fiscal challenges. A higher growth trajectory will require substantially morernbusiness investment, jobs, and personal income to support consumer spending.