NAEDA Newsletter
Monday, December 22, 2014 Helping Dealers Succeed!
return to newsletter

Survey: Growth forecast lowered to 3 percent for the second quarter

Posted: 7/14/2014 | Views: 269

Business economists have lowered their estimates for economic growth in the second quarter following news of a significant contraction during the first three months of the year.

The April to June forecast fell to 3 percent from a 3.5 annual rate in June, according to a special survey released Friday by the National Association for Business Economics (NABE).

The forecast change is due mostly to a late June report showing that the economy shrank at a 2.9 percent pace in the first quarter.

Still, the economists are relatively upbeat about growth for the rest of the year and they don't foresee a recession for this year or next.

Read more...
Source: The Hill

return to newsletter

 

Comments
Leave a Comment
Gravatar
Name:
Email: (not displayed)
Comments:

CAPTCHA image
Enter the code shown above:

Return

Subscribe to NAEDA Update

Subscribe to the NAEDA Update Newsletter 

© 2014 The North American Equipment Dealers Association. NAEDA Update is provided as a service to members of the North American Equipment Dealers Association. This information may not be reprinted without permission from NAEDA.

To subscribe to NAEDA Update by e-mail, send your request to naeda@naeda.com or subscribe online at naeda.com.
To unsubscribe, click here or send your request to webmaster@naeda.com and type "REMOVE" in the subject line.