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The semiannual economic forecast survey from Bond Dealers of America Economic Advisory Committee finds US still has headwinds but median est is +2.9% real growth in 2011 and +3.1% in 2012, "with growth rates steadily rising quarter over quarter from 2.5% in the first quarter in 2011 to 3.3% during the second half of 2012. CPI is expected to rise to 2.8% in 2011 and slow to 1.7% in 2012. The acceleration in consumer prices this year is due to the increase in energy and food prices that is expected to moderate in 2012.
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