Wednesday 28 December 2011

Economists expect U.S. to grow 2.4% in 2012, but are cautious about global turmoil

WASHINGTON -- The U.S. economy will grow faster in 2012 -- if it isn't knocked off track by upheavals in Europe, according to an Associated Press survey of leading economists.
Unemployment will barely fall from the current 8.6% rate, though, by the time President Barack Obama runs for re-election in November, the economists say.
The three dozen private, corporate and academic economists expect the economy to grow 2.4% next year. In 2011, it likely grew less than 2%.
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