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11/24/10

US Economy: Business economists see little change in 2011 - by Jeffry Bartash

n its latest survey, the National Association of Business Economists predicts the economy will expand at a 2.6% pace in 2011, down slightly from this year. The NABE upped its forecast for 2010 to 2.7% from 2.6%. Business economists say faster growth is likely to be sidetracked by high debts, a decline in government stimulus and lower business spending, among other things.

U.S. unemployment rate probably will hover above 9% all year. It now stands at 9.6%. “This will mark the weakest post-recession job recovery on record,” the NABE said.

For more: Business economists see little change in 2011 - MarketWatch

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