The latest glimpse into the crystal ball by economic forecasters suggests another year of sluggish growth before things start to take off in 2014.
In its latest survey of top forecasters, the National Association for Business Economics says it expects the economy, as measured by the gross domestic product, to expand at an annual rate of 2% this year, slightly worse than last year's lackluster 2.2% growth.
For 2014, however, the NABE forecasters believe the economy will be growing at a rate of 2.8%, which would be the best performance since 2005.
Since then, economic growth has been modest as the economy has been held back by a variety of factors including prolonged unemployment, uncertainty stemming from the budget battles in Washington and Europe's on-going debt problems. (AP)
Saturday, May 25 2013 2:16 AM EDT2013-05-25 06:16:04 GMT
Aces Release 5/24/2013 In his first game of a Major League Rehabilitation Assignment from the Diamondbacks, infielder Willie Bloomquist boosted the Reno Aces to an 8-5 win over the Tacoma RainiersMore >>
Bloomquist went 2-for-4 with four RBI and a run scored.More >>