Skip to content
Subscriber Only
Business
Economics

Business Economists Reduce U.S. GDP Growth Forecasts

Business economists cut their U.S. growth outlook for next year to 2.4 percent as companies and consumers restrain spending, a survey released today showed.

The growth estimate was lowered from 2.8 percent forecast in May, the survey by the Washington-based National Association for Business Economics showed. The prediction for this year was reduced to 1.9 percent from 2.4 percent.