Wall Street Journal (09/11/14) Nick Timiraos
More than 90% of 48 economists surveyed by the Wall Street Journal say they expect the U.S. economy to improve compared with the first six months of the year. None expect the economy to backslide. The U.S. is doing well thanks to an increase in domestic oil production and the expectation that new industries will grow because of a cheaper energy supply. The economists forecast gross domestic product growth of 3.0% in both the third and fourth quarters. They forecast growth of 2.8% next year. The political situation in Ukraine is the biggest threat to global growth, according to the survey.