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Economy Hits a Speed Bump and May Dive Further

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Economy Hits a Speed Bump and May Dive Further

Post by Dirtbikepilot on Tue May 08, 2012 2:33 pm

`Economists at HSBC are telling clients to brace
for a repeat of 2011, when the economy started strong but fizzled as
the days grew longer and temperatures rose. "Over the next two quarters,
we expect that growth will average a bit less than 1 percent, reducing
the year-over-year growth rate to 1.7 percent," Kevin Logan, HSBC's
chief U.S. economist, wrote in a note to clients this week.''

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