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Analysts forecast solid growth for US economy into 2004
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| Contributor | Tony82 |
| Last Edited | Tony82 Nov 17, 2003 11:56pm |
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| Category | News |
| News Date | Monday, November 17, 2003 06:00:00 AM UTC0:0 |
| Description | Washington - The US economy's blistering growth in the third quarter is unlikely to continue, but most analysts see solid, if not spectacular, growth into 2004.
The sizzling 7.2 percent pace in third-quarter gross domestic product may be a one-time event, economists say, but momentum should carry into the fourth quarter and well into 2004.
A Wall Street Journal survey of 53 economists showed, on average, a prediction of 4 percent growth in the fourth quarter of 2003 and 4.1 percent growth in the first quarter of 2004. That pace, the survey found, is likely to hold at roughly 3.9 percent for the remainder of 2004. |
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