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Economy set for slow growth

Fifty-nine percent of business economists say their companies are seeing demand pick up.

By staff Writer | Updated on October 25, 2010

Economists see U.S. GDP growing this year, although they’ve ratcheted down their expectations for the pace of that expansion. Just 3% of those surveyed by the National Association of Business Economists earlier this month expect the U.S. economy to grow at a pace of more than 3% this year, down from 20% in July and 24% in April. The latest NABE survey shows that 51% of the economists expect GDP to expand between 2.1% and 3% this year, while 44% see it growing between 1.1% and 2%.

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