While real U.S. GDP growth slowed in 1Q2012 -- to 2.2 percent real, from 3.0 percent in 4Q2011 -- different components appear to be diverging onto what Federal Reserve Bank of San Francisco President John Williams described as “two tracks” -- one track exhibiting strength and the other weakness. Time will tell whether (in railroad parlance) the economy is being shunted off onto a siding or continues on the main line. What follows are examples of both the “slow” and “fast” tracks….
Click here to read the entire May 2012 Macro Pulse recap.
The Macro Pulse blog is a commentary about recent economic developments affecting the forest products industry. That commentary provides context for our 24-month forecast, which is contained in the monthly Economic Outlook newsletter available through Forest2Market. The monthly Macro Pulse newsletter summarizes the previous 30 days of commentary available on this website.
Tuesday, May 15, 2012
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