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U.S. Growth Outlook Weakens in Survey of Business Economists

  • Business investment cooling a bit after robust spending year
  • Two major banks recently cut Q1 growth forecasts on shutdown
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Bankers in Davos Give Their Thoughts on the Global Economy

Forecasters are less optimistic about U.S. expansion this year, though they’re nearly unanimous in their expectations that a recession can be kept at bay until at least 2020, a National Association for Business Economics survey showed Monday.

Two-thirds of respondents expect growth to exceed 2 percent this year, down from the 90 percent in the prior survey for the 12 months through the third quarter of 2019, according to the Dec. 17-Jan. 9 survey of 106 NABE members.