5/21/2010

The U.S. economy is poised to expand in the next two years, according to the Manufacturers Alliance/MAPI Quarterly Economic Forecast. The report forecasts that gross domestic product, adjusted for inflation, will grow by 3.3% in 2010 and 2.9% in 2011. "Jobs have come back more quickly than we previously anticipated, which makes this a 'real' recovery and signals that consumer spending may have staying power," said Daniel J. Meckstroth, Manufacturers Alliance/MAPI chief economist.

Related Summaries