WASHINGTON (December 17, 2012)--In its latest survey of top forecasters, the National Association for Business Economics says it expects the economy to grow by 2.1 percent next year after 2.2 percent growth in 2012, which would continue the same tepid growth the country has experienced since the Great Recession ended in mid-2009.
Growth at that pace is not strong enough to make a significant improvement in unemployment.
The 48 NABE economists believe unemployment will average 7.7 percent for all of next year, right at the level it reached in November.
They forecast growth in the gross domestic product, the economy's total output of goods and services, at 1.6 percent in the current October-December quarter, down from 2.7 percent growth in the July-September period.
They believe that part of that slowdown will reflect the disruptions caused by October's Superstorm Sandy.