However, by 2011,
health expenditure growth in the USA had declined to about 1 %, approximately the same as the average growth rate in the other OECD countries studied.
«After yesterday's Consumer Price Index release from the US Bureau of Labor Statistics and this morning's retail sales report from the US Census Bureau, the nowcast of first - quarter real personal
consumption expenditures growth fell from 2.2 % to 1.4 %,» the Atlanta Fed said.
The budget predicted the fiscal year would end with a thin surplus of $ 197 million, a feat that would be achieved by
reducing expenditure growth, raising taxes and selling off more than 100 assets determined to be surplus.
The USA grew less than other countries studied in 2012, despite a slight rebound of health
care expenditure growth, according to new data released by OECD at the same time as this paper.
«South America and possibly Central America are well positioned for good growth because
consumer expenditure growth is quite high in both regions,» says Moss.
In 2002,
health expenditure growth in the USA was around 7 %, compared to an average of just over 3 % in the other countries included in the study.
«Percent increases for multiple, frequently prescribed medications greatly outpaced inflation, national health
expenditure growth, and increases in reimbursement for physician services,» the study concludes.
In higher education,
expenditure growth is slowing — perhaps suggesting an end to the strong climb that followed the uncapping of places.