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Markets the Economy / Quarterly Outlook Update The State of the Economy 2011 Q1 Review the Outlook April 15 2011 CONTENTS KEY THEMES FORECAST CHANGES AND POLICY MARKET OUTLOOK HIGHLIGHTS OF THE ECONOMIC MARKET FORECAST The economic outlook The interest rate outlook REVIEW OUTLOOK Summary The tide is coming in but it s slow and choppy still Natural disasters destroy capital and production but create new work and GDP growth Recovery knocks on the job market s door but faster hiring needs faster...
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