Where is the economy headed
this year? If you believe the latest survey from the National Association for
Business Economics, which came out yesterday, it might not be
half bad. Half of those polled say the economy will grow at a rate of 2.1
percent pace or better over the next four quarters. Notably, only 36 percent of
the group said the same thing last October.
If those economists are
correct, it would mean that the economy was about strong in 2013 as it had
been in 2012. We won’t have the fourth quarter GDP figure until tomorrow, but
through the first three quarters of 2012, the economy grew at a pace of right
around that 2.1 percent.
Although the economists
weren’t quite as positive about the employment situation, their opinions on the
matter are improving. More than a third said that their firms or industries
plan to increase hiring in the next six months, up from 28 percent who said
that back in October 2012.
No comments:
Post a Comment