New Country Reports market report from Business Monitor International: "United States Business Forecast Report Q2 2013"
Boston, MA -- (SBWIRE) -- 03/07/2013 -- Core Views
We have raised our real GDP growth forecast to 2.3% from 2.1% for 2013, due to stronger-than-expected economic data at the end of 2012 and a relatively favourable resolution to the 'fiscal cliff' issue at the beginning of the year.
Following the 2012 elections, the status quo in Washington remains relatively intact meaning that political deadlock will continue to be the order of the day. We expect the debt ceiling and 'sequester' spending cut issues to be resolved without too much damage to the economy.
On the monetary front, the Federal Reserve announced in December that it would purchase an additional US$45bn per month in 'longer-term' treasury securities, pushing the growth of the Fed's balance sheet to US$85bn per month. We also expect the Fed to keep benchmark interest rates at around zero until 2016. This will be supportive of growth, but not a panacea in the face of ongoing private sector deleveraging.
Major Forecast Changes
Our real GDP growth estimates have risen to 2.2% for 2012 (from 2.0% previously) and 2.3% for 2013 (from 2.1%).
View Full Report Details and Table of Contents
Key Risks To Outlook
Downside Risks To Growth Forecast: The biggest external risk is a collapse of the eurozone, which would hit the US via a financial sector shock and trade channels. A major domestic policy error, especially with regards to the debt ceiling and, could push the US into recession.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Country Reports research reports at Fast Market Research
You may also be interested in these related reports:
- United States Business Forecast Report Q1 2013
- United Kingdom Business Forecast Report Q2 2013
- United Arab Emirates Business Forecast Report Q2 2013
- Caucasus Business Forecast Report Q2 2013
- United States Wound Care Management Market Outlook to 2018 - Advanced Wound Management, Wound Closure Devices, Pressure Relief Devices, Ostomy Drainage Bags and Others
- United States Ophthalmic Devices Market Outlook to 2017 - Vision Care, Ophthalmic Diagnostic Equipment, Cataract, Refractive, Vitreo Retinal and Glaucoma Surgery Devices
- United States Cardiovascular Devices Market Outlook to 2017 - Cardiac Rhythm Management, Interventional Cardiology, Peripheral Vascular Devices, Prosthetic Heart Valves, Electrophysiology and Others
- United States Diagnostic Imaging Market Outlook to 2017 - Ultrasound Systems, MRI Systems, Computed Tomography Systems, Nuclear Imaging Equipment, X-Ray Systems, Mammography Equipment and Others
- United States Orthopedic Devices Market Outlook to 2018 - Arthroscopy, Cranio Maxillofacial Fixation (CMF), Hip Reconstruction, Knee Reconstruction, Spinal Surgery, Orthobiologics, Trauma Fixation and Others
- United States Cardiovascular Devices Market Outlook to 2018 - Cardiac Rhythm Management, Interventional Cardiology, Peripheral Vascular Devices, Electrophysiology Prosthetic Heart Valves and Others