NABE Economists See Slowly Improving Economy

Washington, DC, Oct. 15, 2012 -- Business economists predict a slowly improving economic outlook in the U.S., according to the latest survey by the National Association for Business Economics.

Respondents to NABE's October survey project inflation-adjusted growth in gross domestic product of 1.9% in 2012, rising to a 2.4% rate for 2013 and faster growth each succeeding quarter.

However, NABE's survey forecasts an uptick in the jobless rate to 8.1% by the fourth quarter before slowing falling to 7.8% by the fourth quarter of 2013.