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Slower Growth Predicted
Wednesday, 17 February 2010 21:02

Survey: Economists predict slower growth by end of the year

Economists in the private sector believe the economy will continue to grow at a faster-than-expected pace during the first three quarters of 2010, before slowing at the end of the year, according to a survey today by the Federal Reserve of Philadelphia.

For the year, economists increased growth estimates for annualized real gross domestic product (GDP) to 3 percent from earlier projections of 2.4 percent.

The survey found that most expect growth to be greater than expected during the next two quarters, but estimates were downwardly revised at the end of the year.

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