Monday, February 28, 2011

Economy to grow moderately through 2012

A new survey from the National Association for Business Economics (NABE) found that economists are more optimistic about the pace of the recovery than they were in November.
The 47 economists polled in the survey expect the economy to grow 3.3 percent this year. That’s up from November’s prediction of 2.6 percent growth. It’s also higher than last year’s 2.9 percent growth rate. Pent-up demand from consumers ready to spend again, as well as strong growth in Asia, are contributing to the faster pace of growth, as is business spending on new equipment and software.

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