Fading Growth Acceleration for the Rest of the Year

unemployment rates have remained high, especially among young workers, and a lot of the new jobs are only part-time, resulting in declines of workers’ purchasing power with adverse effects on consumer spending. The fragile global economic recovery is expected to continue over the short-run forecast horizon as the “climate” for capital expenditures is expected to remain weak amid INTERNATIONAL ECONOMIC OUTLOOK Dr. Simos is Director of Forecasting and Predictive Analytics at e-forecasting.com, a division of Infometrica’s Data Center, 65 Newmarket Road, Durham, NH 03824, U.S.A. and professor of economics at Paul College, University of New Hampshire, www.infometrica.com, eosimos@e-forecasting.com. This report does not purport to be a complete description of global economic conditions and fi nancial markets. Neither the Journal nor Infometrica, Inc. guarantee the accuracy of the projections, nor do they warrant in any way that the use of information or data appearing herein will enhance operational or investment performance of individuals or companies who use it. The views presented here are those of the author, and in no way represent the views, analysis, or models ...