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Mon Jan 23, 2012, 11:34 AM

Forecasters see small pickup in growth for 2012


LOS ANGELES (AP) -- A new economic forecast calls for the U.S. economy to make some modest growth strides this year, but not quite enough to significantly reduce the number of jobless Americans looking for work.

About two-thirds of the economists who participated in the latest National Association for Business Economics survey expect the nation's gross domestic product, or GDP, to grow at a rate above 2 percent this year, according to the outlook released Monday.

GDP reflects the economy's total output of goods and services. The latest forecast is in line with one issued by the group in November that called for the economy to grow 2.4 percent this year.

"That is not the sort of GDP growth that's really going to dramatically improve our labor market, but it's certainly not going to make it worse," Nayantara Hensel, professor of industry and business at National Defense University and chair of the NABE survey, said in an interview.

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Reply Forecasters see small pickup in growth for 2012 (Original post)
xchrom Jan 2012 OP
MineralMan Jan 2012 #1
DURHAM D Jan 2012 #2

Response to xchrom (Original post)

Mon Jan 23, 2012, 11:38 AM

1. I knew Ford shouldn't have dropped the Ranger!

Oh...wait...never mind...

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Response to MineralMan (Reply #1)

Mon Jan 23, 2012, 11:46 AM

2. LOL

I have a 1990 Mazda B2200 and at first glance I thought - GREAT. I am getting ready to sell it so I this means I can get more money for it.

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