Economists forecast modest growth for next year |
| USA Today - Nov 21, 2011 |
The U.S. economy will muddle through the next year without a recession, but growth will be too weak to make much of a dent in the unemployment rate, according to the latest nationwide survey of economic forecasters.
In the latest outlook, top forecasters with the National Association for Business Economics predicted the economy would grow 2.4% in 2012, only a slight improvement from the 1.8% growth they expect for all of 2011.
Both estimates were a slight 0.1 percentage point higher than the group's September forecast but would still leave the economy growing far below the pace needed to significantly lower the high unemployment rate of 9%.
The new survey, released Monday, is in line with other private economists, who are slightly less worried about the country slipping into a recession than they were in the late summer.
Read Full Article from USA Today
- Posted: 2011-11-21 10:03:00
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