US DATA: NABE February 2011 Outlook Survey, based on the responses
of 47 professional forecasters from January 25-February 9, covers the
2011 and 2012 outlook. “NABE panelists revised their projections for
economic growth in 2011 upward from their November projections. Real GDP
is expected to grow at a moderate pace of roughly 3.5 percent through
the current year and into 2012, said NABE President Richard Wobbekind,
associate dean of the Leeds School of Business at the University of
Colorado. Factors supporting growth going forward include pent-up
consumer and business demand, strong growth in foreign economies,
especially those in Asia, and accommodative monetary policy. Factors
restraining growth include financial headwinds, uncertainty about future
federal government economic policies, a tepid housing market, and
sustained high unemployment.” See MNI Main wire.