Long-awaited growth is finally poised to return to the U.S. economy, albeit at a far more modest rate than the typical recovery from previous recessions, according to a new report.
The Manufacturers Alliance/MAPI Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product (GDP) will decline 2.5% in 2009, before rebounding to 2.4% growth in 2010, and by 3.5% in 2011.
The GDP forecast for all three years in the current MAPI report is marginally better than was previously projected in August 2009.
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