Economists see U.S. GDP growing this year, although they'veratcheted down their expectations for the pace of that expansion.Just 3% of those surveyed by the National Association of BusinessEconomists earlier this month expect the U.S. economy to grow at apace of more than 3% this year, down from 20% in July and 24% inApril. The latest NABE survey shows that 51% of the economistsexpect GDP to expand between 2.1% and 3% this year, while 44% seeit growing between 1.1% and 2%.
The economists, 45% of whom work at companies with more than1,000 employees, are a little more upbeat about their owncompanies. Fifty-nine percent say their companies saw demand pickup in the latest quarter, which is the highest reading in fiveyears, and 39% cited an increase in profit margins, up from 25% inJuly. And 37% of those surveyed say their companies increasedcapital spending in the latest quarter, up from 24% in July.
A summary of the survey is available here.
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