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	<title>U.S. Growth &#8211; RFR</title>
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	<description>GLOBAL MACRO AND THEMATIC INDEPENDENT RESEARCH</description>
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	<title>U.S. Growth &#8211; RFR</title>
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		<title>The U.S. Economy: Don’t Count Your Chickens Before They Hatch</title>
		<link>https://richesflores.com/2013/06/05/the-u-s-economy-dont-count-your-chickens-before-they-hatch/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Wed, 05 Jun 2013 13:51:48 +0000</pubDate>
				<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[productivity]]></category>
		<category><![CDATA[U.S. Growth]]></category>
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					<description><![CDATA[Sentiment on the U.S. economic outlook has gone from a flurry of uncertainty at the start of the year to renewed optimism. Admittedly, there are grounds for being bullish. Growth has held up despite tougher fiscal and tax policies; the housing market recovery has continued; and the Fed has stuck to its easy money policy. But let’s not get carried away! The latest numbers are no more encouraging than those available at the end of last year. In particular, decelerating productivity growth, with all that it implies in terms of profit, investment, and job trends in the next few quarters, may well drag the U.S. economy back down in the second half of the year. And with a policy mix that is less accommodative than before, the key ingredients for a genuine recovery are still nowhere to be seen. All this has conditioned our analysis on several points...]]></description>
		
		
		
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