Economic Growth Expected to Quicken Throughout Year
WASHINGTON, D.C. — U.S. economic growth should accelerate in the second quarter and remain healthy for the rest of this year, according to the National Assoc. of Business Economists. However, the survey of 47 economists, conducted last month, indicated that growth for the full year will probably be lower than they previously estimated — just 2.5%, down from a forecast of 2.8% in March. Job growth should remain steady, the survey revealed, and consumer spending will also pick up. It also found that economists increasingly agree that the Federal Reserve will end its bond purchases by year’s end.