US economy will not suffer lost decade

The US is heading for a slow and gradual recovery rather than a Japanese-style lost decade, and it will once again lead G3 growth in 2012, say strategists.

US economy will not suffer lost decade

Economic forecasters have been revising down growth estimates for major economies during the past few months amid persistent unemployment in the US, slower growth in Asia and the European debt crisis, while the global economic recovery has been split sluggish growth in advanced economies and relatively robust growth in developing countries. This trend is here to stay during 2012.

“The most advanced economy is failing to gain traction,” said Christopher Probyn, managing director and...

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