MAPI revises downward its GDP predictions for 2014, 2015

12/18/2013 | Industrial Distribution online

Gross domestic product will expand 2.6% in 2014 and 3.2% in 2015, according to MAPI's latest Quarterly Economic Forecast. These numbers have been revised downward since the September report, from 2.8% and 3.4%, respectively. "This is a reasonably good forecast -- the worst is over and we'll accelerate from here through 2016," says MAPI Chief Economist Daniel J. Meckstroth. "There will be a speed limit moving ahead, though, and we won't see the 4% rate of growth of the past."

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