LONDON (Reuters) – The United States will lead the rich world's economic recovery over the next two years while Japan and major European economies flounder by comparison, according to Reuters polls of more than 200 economists.
Backed by strong retail sales that rose for the fifth straight month in November, the poll showed expectations U.S. consumers will step up demand, prompting a wave of upgraded forecasts for economic growth there.
By contrast, economists kept a somber growth outlook for the euro zone and Britain, both in fiscal retreat, while in Japan they predicted a brief and sharp contraction in the current quarter followed by modest growth thereafter.
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