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Economists Forecasting Moderate 2013 Growth

December 17, 2012

Business 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.

In its latest survey of top forecasters, the National Association for Business Economics says it is looking for the economy to grow in 2013 by 2.1 percent after 2.2 percent growth in 2012. That would continue the same tepid growth the country has seen since the Great Recession ended in mid-2009.

Growth at that pace is not strong enough to make a significant improvement in unemployment.

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