18 March 2011 12:00AM
- The robust response of policymakers helped the US economy avoid a worst-case scenario in 2009
- The newsflow has improved markedly since the Fall of 2010, and the economy is likely to grow strongly in 2011 and 2012
- Risks remain, however, from rising oil prices, sovereign debt concerns (both in Europe and domestically) and a potential pick-up in inflation
- The economic improvement bodes well for philanthropic giving