1 short term energy outlook march 2001 overview us economic growth assumptions have been lowered for this edition of the from last month s report resulting in somewhat weaker expected consumption we now expect real gdp to advance at about 2 percent instead 6 projected february a result downward revision year is slightly more rapid rebound 2002 but overall levels activity are lower throughout projection period oil demand united states and other consuming regions seen as likely increase less rapidly than previously adjusted global 5 million barrels per day indicated results world 77 78 9 cumulatively total by 700 000 level three months ago despite industrialized country
