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Growth Forcast Lowered by Top Economists

Posted 7:13 PM by

The Associated Press (9/13, Crutsinger) reports, "In their latest forecast, top economists with the National Association for Business Economics predict that the economy will grow 1.7 percent this year -- down from the group's May prediction of 2.8 percent expansion," while, "for 2012, the group is forecasting growth of 2.3 percent, compared to a May forecast of 3.2 percent growth."

According the AP, the new survey is "in line with the outlook of other economists," but was administered before the president unveiled a new $447 billion plan to jump-start job growth. The new package includes many tax provisions that are hoped to spire the economy and lower unemployment.

About the Author

Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group as well as being a member of the Not-for-Profit and Governmental Services Groups. Justin works with clients to help them avoid risk and maximize efficiencies by keeping an eye on their bottom line and helping ensure accurate financial reporting. Connect with him on LinkedIn.

Comments (1)
Ken Smogor wrote
Thank you for sharing this information
Posted Oct 11 2011 9:22 PM
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