Our economic outlook still calls for real GDP (gross domestic product) growth averaging 3-4 percent in coming quarters. We believe that economic and profit expansion can persist for longer at the moderate pace we project,
It is too soon to know how the situation in Iraq will unfold in the coming months, and the extent to which the new government can indeed control the country, ... But, for the present, investors seem relieved that the direction is not toward an increased level of U.S. involvement.