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February 26, 2013

Economists forecast 2% growth in 2013

  • For 2014, however, the NABE forecasters believe the economy will be growing at a rate of 2.8 percent, the best performance since 2005.
  • By MARTIN CRUTSINGER
    AP Economics Writer

    WASHINGTON — Business economists expect 2013 will be another year of sub-par growth for the U.S. economy, reflecting uncertainty stemming from the budget battles in Washington and Europe's on-going debt problems. But they think the economy will improve as the year progresses and by 2014 will grow at the fastest pace in nine years.

    In its latest survey of top forecasters, the National Association for Business Economics said it expected the economy, as measured by the gross domestic product, to expand at an annual rate of 2 percent this year, slightly worse than last year's lackluster 2.2 percent growth.


     
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