Economists have a positive outlook for 2014
Economists have a positive outlook for 2014"
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by SHEIRESA NGO September 9, 2013 ------------------------- A group of leading economists were recently surveyed by the National Association of Business Economics. They predict that in the
second quarter of next year there will be 3% growth, improved employment, and low inflation. In addition, the economists maintain that there’s an 80% chance the improved economy will cause
the Federal Reserve to reduce its monthly $85 billion purchases of mortgage bonds and Treasury bills in 2014. However, the economists are a bit less optimistic when it comes to the second
half of this year. The group believes that real gross domestic product will increase at a 2.3% annualized rate in the third quarter through September, this is down from 2.5%. They were also
less optimistic about consumer spending and industrial production, among other areas.
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