Growth in the United States was held back by one-off factors in the fourth quarter of 2012, but the economy is expected to see a rebound of 3.5 per cent in the first quarter of 2013 before returning to moderate growth of 2.0 per cent in the second. Canada is set to grow by 1.1 per cent during the first quarter and 1.9 per cent during the second.
(RTTNews.com) - With across-the-board government spending cuts creating uncertainty regarding the economic outlook, the Conference Board released a report on Tuesday showing a notable deterioration in U.S. consumer confidence in the month of March.
The Conference Board said its consumer confidence index fell to 59.7 in March from a revised 68.0 in February. Economists had expected the index to dip to 67.5 from the 69.6 originally reported for the previous month.