Poll: Economists More Upbeat Than Last Survey
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 Economists(ph) 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.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.