Kenneth Broux
Kenneth Broux
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Brisk growth in U.S. consumer spending is the main factor behind rising imports. Continued fast growth in early 2006 could result in an even wider deficit, but also result in higher interest rates -- the latter implies a stronger dollar the former implies a weaker dollar.
activity add average compared contribute economic fewer growth imply jobs less overall past
This would imply that construction activity may contribute less to overall economic growth this year, and simultaneously add fewer jobs compared to the 260,000 average over the past two years.