High interest rates--along with wide fiscal and current account deficits and a weak global economy--have squeezed economic expansion to its lowest rates in a decade.
Therefore, in Q2 2011, while construction and other machinery sales will continue growing alongwith the global GDP, its rate of growth will likely moderate due to the many globaleconomic challenges.
The Organization of Economic Cooperation and Development will release their global growth forecast figures on Tuesday, alongwith U.S. existing home sales and Euro zone consumer confidence survey results.