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Economists forecasting moderate 2013 growth

Economists believe that the country will be in 2013 registered modest growth strength from a rally further housing, this will help offset weak investment business.
In its latest survey shows that the top forecast, the commercial economy association says it is looking for the economy grew by 2.1% in 2013, 2.2% of the growth, in 2012. This will continue to moderate growth, national economy since the great depression, by the middle of 2009.
In such a speed growth is not strong enough to make the unemployment rate a significant improvements. NABE economic historians believe that unemployment will mean for next year's 7.7% in November, a level.
They had forecast, October and NABE economic historians surveys show that panel has the basic same prospects. Although they have modest expectations, in 2013, they see growth improve, with the advancement of time.
Economists had forecast growth, gross domestic product (GDP), the economic output of goods and services, in the present October to December quarter of 1.6%, an increase of 2.7% in July to September period. Economists believe that part of the economy will slow down, reflect the northeast into October 29, Superstorm sandy, damage.
About half of the surveyed economists think, sandy will reduce 0.2% of the growth in the current quarter of 0.5%, about a third of the investigation team think rebuild storm will increase similar 0.2% to 0.5% of the growth in the first three months of next year range.
NABE panel at an annual rate of 1.8% in April to June quarter rate of 2.4%, 2.6%, in the third quarter and 3% in the fourth quarter of next year, the first quarter GDP growth.
Nayantara heng zeljko, NABE panel and business in Washington's national defense university professor, is a kind of belief optimistic growth will improve, the government will finance the cliff, resolution. This is considered a big increase in the tax and spending cuts, will blow in January, if congress and the Obama government does not achieve the budget agreement name.
"Team members believe that once more clear budget and tax problem, you will see less uncertainty on part of the enterprises and consumers," she said.
Team members hope, housing residential investment rising at an annual rate of 12%, next year will again become a great performance. Manufacturer is expected to break ground in 2013 930000 new homes, from this year, up 21%, and the residential prices are expected to increase 3.5%, 3% of the expected, for this year.
But, the group members of the enterprise investment in equipment and software in 2013, and the structure of the slowdown. They are also for enterprise profit after tax, showing growth 5%, lower than expected 8.5% increase in 2012. The two years in the past twenty years, less than 10.2% of the average growth.
In other new NABE survey data:
So far this year, the employer will be increased by 165000 jobs per month in next year, improve slightly 15 square all monthly work.
Inflation will still be in a gentle, the fed preferred inflation index rose 1.8%. This is the fed's target of 2% of the following. Oil prices are expected to average $93.20 a barrel, in December 2013, from $86.70 is currently only a little increase.
A long-term interest rates and a ten-year Treasury bonds rose 2.25%, before the end of next year, from the current 1.70%. The fed is expected to maintain short-term interest rates unchanged, next year in close to zero record lows.




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