Forecast: U.S. economy to rebound slowly in 2010

11/19/2009 | Modern Distribution Management

The U.S. economy may recover soon, albeit at a slower pace than past recessions, according to the Manufacturers Alliance/MAPI Quarterly Economic Forecast. The report predicts the gross domestic product will rebound 2.4% in 2010, after a 2.5% decline this year. "Manufacturing production growth, at 4.6%, will grow faster than the general economy, at 2.4%, in 2010," said Daniel J. Meckstroth, Manufacturers Alliance/MAPI chief economist.

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