The U.S. economy will muddle through 2011 even as domestic stocks rake in double-digit percentage returns for the third straight year, said Robert C. Doll, the chief equity strategist for fundamental equities at BlackRock, in a breakfast briefing in New York Tuesday.

The good news for this year, Doll’ said, is that consumer and investor confidence levels will improve, the growth outlook will accelerate, and deflationary credit risks will shrink.

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