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Poll: Economists More Upbeat Than Last Survey

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Poll: Economists More Upbeat Than Last Survey

Business

Poll: Economists More Upbeat Than Last Survey

Poll: Economists More Upbeat Than Last Survey

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  • <iframe src="https://www.npr.org/player/embed/127082588/127082574" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The National Association for Business Economists says that despite financial problems in Europe, the economic outlook in this country is improving. Households are expected to spend more, and companies are expected to buy more equipment and software. The group says overall GDP will grow at a healthy rate of 3.2 percent this year and next year.

RENEE MONTAGNE, host:

NPR's business news starts with an upbeat take on America's economy.

(Soundbite of music)

MONTAGNE: The National Association for Business Economics says that despite financial problems in Europe, the economic outlook in this country is improving. Households are expected to spend more. Companies are expected to buy more equipment and software. The group says overall GDP will grow at a healthy rate of 3.2 percent this year and next year. That's higher than previously forecast. As for unemployment, the economists predict that by the end of 2011 that should drop by more than one percentage point to a jobless rate of eight and a half percent.

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