In its latest survey of top forecasters, the National Association for Business Economics said economists believe the country will see modest growth in 2013 with strength coming from a further rebound in housing which will help offset weakness in business investment.
“The panelists expect modest growth in the economy in 2013 as a whole, which accelerates steadily as the year progresses,” said Dr. Nayantara Hensel, chair of the NABE Outlook Survey and professor of Industry and Business at National Defense University. “The panelists forecast little improvement in consumption growth, significantly reduced growth in investments in nonresidential structures, equipment, and software, and reduced growth in corporate profits and industrial production.”
The following highlights were excerpted from the NABE news release:
To read the NABE news release click here.