Improving growth, falling unemployment and a sense that the U.S. is returning to "normal" could fuel a 20 percent stock market gain and make 2011 the "Year of the USA," according to Goldman Sachs economist Jim O'Neill.
Jim O'Neill,expressed the view this week that the U.S. will be a bright spot in the world economy, with growth rates of 3.4 percent in 2011 and 3.8 percent in 2012.
"This growth is likely to be strong and robust enough to lead to declining unemployment which, if correct, should mean that the worst of the social consequences of the credit crisis should start to ease. Bond yields should continue to rise further, and the dollar could rally quite a bit."
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