Economists predict more growth in late 2011


http://www.bloomberg.com/news/2011-06-10/growth-rebound-for-u-s-seen-in-second-half-of-2011-in-economists-survey.html

I do hope they are right. I am at a loss finding where the growth will occur but I am not an economist. I am also unsure how much of the claimed growth is actually real and how much is due to higher prices for services. If a hospital charges $5 for an injection today and $6 tomorrow, are we saying that its output grew by 20%?

Is the growth in exports an absolute increase or is it simply that in relation to declining imports, out trade deficit has gone down in the last month and therefore we can claim a relative rise in exports?

One inescapable fact is that we need to have internal demand to see the growth that generates sufficient jobs in the country. However, it is difficult to have internal demand when people are broke.

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