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Thanks to resilient consumer spending, America is widely tipped to enjoy robust growth this year and next.
Buoyed by a healthier housing sector, a surging stock market and resilient consumer spending, they say, economic activity should rebound in the second half of 2013 and accelerate into 2014.
Industrial growth is likely to continue to decelerate in the coming months as tightening measures filter through, Mr. Qu said, but "resilient consumer spending and continued investment in ongoing mass infrastructure projects should support a G.D.P. growth rate of almost 9 percent for the rest of this year".
"We now believe that resilient consumer spending will keep the economy growing in the third quarter... Nevertheless, we still believe there is a very real risk that the economy will stagnate in the fourth quarter of 2016 and could even contract marginally early on in 2017".
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Greater investment spending, resilient consumer confidence and improving underlying economic conditions are all contributing to increased private sector activity.
The OECD, which has 34 rich country members, added that despite a resilient labour market, UK consumer spending was being held back by weak real earnings, fragile confidence and the determination of householders to cut their debts.
Other analysts noted that Whitbread's budget hotel chain has proved relatively resilient to previous slowdowns in consumer spending.
Instead, the data indicates that consumer spending is resilient, despite the surge in oil and gasoline prices this year.
Consumer spending remained resilient throughout the slump, and, as evidenced by today's report as well as rising consumer confidence numbers reported this month, is showing no sign of tailing off.
But economists are looking for a significant rebound in business restocking this year, helped by a resilient consumer who has continued to spend despite paying higher taxes.
Consumer spending will be resilient while exports and business investment are poised to recover.
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