NEW YORK â This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.
The economy looks set to grow 2.2 percent this year after adjusting for inflation, according to the National Association for Business Economics. Thatâs up from the 1.3 percent that economists from universities, businesses and investment firms predicted in the associationâs prior survey, which was conducted in November.
Itâs the latest signal of strength for an economy thatâs blasted through predictions of a recession. High interest rates meant to get inflation under control were supposed to drag down the economy, the thinking went. High rates put the brakes…
