CHICAGO (AP) — Economists foresee only tepid growth for the coming year, with unemployment back above 8 percent for the first half of 2013.
The good news: The housing market is recovering faster than expected and the economy likely won't fall off a "fiscal cliff."
The quarterly survey by the National Association for Business Economists released Monday predicts growth will be weak overall but should slowly accelerate through 2013.
The 44 economists surveyed now see gross domestic product — the value of all goods and services produced in the United States — rising just 1.9 percent in 2012 before reaching a 3 percent pace by the fourth quarter of next year.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
