Economic growth poised to reaccelerate 

• Despite recent weaker data, U.S. economy is poised to pick up 
• Underlying domestic fundamentals are on firmer ground
• CEO Confidence confirms optimism about growth prospects
• Downside risks from slower emerging market growth and European debt crisis
• While global economic growth is moderating, second half of  2012 may look better than first half
• U.S. competitiveness in manufacturing, remains strong relative to other advanced economies