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U.S. economy “below potential,” says OPEC

Posted on 15 October 2012

Oil supply growth in the United States is expected to be the highest for non-OPEC countries this year, the Vienna-based cartel said. With less than a month before U.S. voters head to the polls in what’s expected to be a close race, both sides of the political debate are making aggressive claims on energy, a contributing factor to the national economy.
OPEC said it anticipated “robust” growth in the U.S. economy when compared to other developed countries, though “U.S. expansion remains below potential.” The economic climate in the United States, OPEC said, could have regional implications, suggesting the U.S. election could have broad-based effects………………………………………..Full Article: Source


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