U.S. economic expansion is solid despite this year’s devastating hurricanes and will continue at or above its trend rate in 2006, but the inflationary impact of soaring oil prices remains a key risk, the OECD said on Tuesday.
The U.S. economy has been surprisingly resilient this year and is expected to grow by 3.6 percent in 2005 despite the difficulties posed by both oil prices and hurricanes, the Paris-based Organization for Economic Cooperation and Development said in its half-yearly Economic Outlook report.
