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Analysis

North America Focus: U.S.: Warming Up the Helicopter; Canada: Inflation Moderates Going Forward

By Christian Menegatti, Prajakta Bhide, Tetiana Sears and Rachel Ziemba

EXECUTIVE SUMMARY

We kick off our look at North America with the U.S., where incoming data are showing that growth in Q2 2010 was closer to 1.5%, compared with the advance estimate of 2.4%. With Q2 growth more anemic than even we expected, risks to our forecast for 1.5% growth…

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