"Fiscal cliff" deal won't prompt growth, economists say

12/18/2012 | Wall Street Journal, The

A survey of 48 economists by the National Association for Business Economics found that a majority think lawmakers will act to avert the "fiscal cliff" but that, on its own, a deal will do little to spur economic growth. Nayantara Hensel, an economist and one of the report's authors, said, "The view is that this will be a gradual process. Once the gridlock in Congress is broken, that is going to improve business investment and consumer confidence."

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