U.S. GDP is set for 2.7% growth next year, Blue Chip finds

12/11/2009 | Reuters

Bolstered by "steady, if unspectacular growth" in consumer spending, the U.S. economy is headed toward a 2.7% GDP expansion in 2010, according to the Blue Chip Economics Indicators group. Growth will be held back by sluggish improvement in exports combined with accelerating imports, the group said. "Although exports continue to grow, improving domestic demand and higher petroleum costs are producing even faster increases in imports," according to the Blue Chip survey.

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