Mark W Olson: Economic outlook Remarks by Mr Mark W Olson, Member of the Board of Governors of the US Federal Reserve System, at the annual meeting of the Charlotte Regional Partnership, Charlotte, North Carolina, 15 June 2004.
Information from several surveys and leading indicators for the second quarter of this year point to somewhat higher real GDP growth rates than in the first quarter. Looking ahead, an ongoing strengthening in both domestic and foreign demand continues to be the most likely scenario. The conditions for further recovery in the euro area remain in place.