The global economy is expected to start off slowly in 2012, as debt resolution issues remain a concern, and strengthen during the second half as underlying economic fundamentals improve. Overall, the U.S. will experience modest growth during 2012 as uncertainty about debt reduction and the elections keeps businesses and investors cautious. However, with record corporate profits and improving consumer demand, the U.S. appears poised for growth to accelerate in the second half of the year. Canada and Mexico are also expected to continue to expand at generally stronger rates than in 2011, but growth will be modest with demand from the U.S. remaining slow.
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