Modest Economic Growth Expected Through 2011

Ad Feedback

A new report by the National Association of Business Economists suggests Americans shouldn't look for the economy to improve any time soon.

The latest NABE survey forecasts that growth will come in at 2.6 percent in 2011. That's down slightly from 2.7 percent growth the group expects for this year.

The NABE expects factors like high unemployment and debt to hinder a more robust recovery.

"Confidence in the expansion's durability is intact, but panelists remain concerned about high levels of federal debt, a continuing high level of unemployment, increased business regulation, and rising commodity prices," said Richard Wobbekind, president of NABE and an associate dean of the Leeds School of Business at the University of Colorado."

However, some analysts believe the economy could be stronger next year.

Barron's Magazine points out that consumers have paid off some debt and will start shopping again, and that could lead to economic growth as high as 4 percent next year.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.