Housing to help economy strengthen in 2014
Bloomberg BNA: Housing to Help Economy Strengthen into 2014
After slowing in the middle of the year, U.S. economic growth will strengthen as 2013 comes to a close and throughout 2014, according to survey results released by Bloomberg BNA, a leading publisher of specialized legal, regulatory, and business news and information. The Bloomberg BNA Midyear Economic Outlook surveyed economic forecasters from 19 leading institutions on half a dozen key indicators to create the consensus forecast.
Bloomberg BNA Daily Report for Executives reporter Diana Gregg said, "Our analysis indicated that the U.S. economic recovery is expected to accelerate next year, helped by the housing market, a brighter consumer outlook, and moderately stronger job growth. The consensus is that the nation's real gross domestic product will grow 3.1 percent in 2014 after increasing by a modest 2.3 percent this year, reflecting fiscal belt-tightening by the federal government."
Other highlights of the survey include:
The Bloomberg BNA Midyear Economic Outlook is available to subscribers of Bloomberg BNA publications. The Midyear Outlook is an update to the annual Economic Outlook, published each January. The economists who participated in the Bloomberg BNA study are from financial institutions, consulting firms, and academia. They were surveyed June 5-17.
Source: Bloomberg BNA, www.bna.com