National Association for Business Economics (12/08/14)
Economic growth is expected to accelerate in 2015, according to economists participating in the National Association for Business Economics’ December 2014 Outlook Survey. The median forecasts for real gross domestic product growth (on an average annual basis) for both 2014 and 2015 are slightly higher in December than they were in September. Real GDP is now expected to grow 2.2% in 2014, up from the 2.1% forecast in September’s survey, with growth climbing to a 3.1% pace in 2015, compared with 3.0% in the previous survey.
Real GDP advanced 2.2% in 2013 on an average annual basis. The median forecast for real GDP growth from the fourth quarter of 2013 to the fourth quarter of 2014 has also been revised upward to 2.2% from 2.0% in September.