"Rising oil prices and the disaster in Japan have added new risks to the global economy in 2011. We have not yet changed our forecast for US growth of 3.8% this year. But we're watching closely for signs of higher energy prices eroding consumer spending, and monitoring the potential disruption on US manufacturing if supply chains from Japan face prolonged downtime."
Joseph G. Carson, US Economist and Director - Global Economic Research at Alliance Bernstein revisits Alliance Bernstein's 2011 forecast in consideration of recent events.