The pace of the U.S. economic recovery appears to slow down in the first half of 2012 after volatized in the second half of 2011. Consumer Price Inflation and unemployment rate were improved, but the recovery of the real economic sector was slowed. A number of factors will likely restrain growth in period ahead, including weak economic growth abroad, European crisis and the incoming fiscal cliff that became less accommodative. Uncertainty about these factors may also restrain household and business spending, poses significant downside risk to the outlook. However, the QE3 will help the U.S. economy grow at only a modest pace in 2012 to 2013, and gradually converging towards its potential growth rate in the long run. <<