Economists Raise Third-quarter U.S. Growth Forecasts

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Economists Raise Third-quarter U.S. Growth Forecasts

by Wochit 0:43 mins

Economists Raise Third-quarter U.S. Growth Forecasts

by Wochit 0:43 mins

Economists raised their forecasts for U.S. economic growth in the third quarter but trimmed their estimates for the balance of 2014, though the outlook for both job growth and lower unemployment was strengthened. Analysts see the economy growing at an annual rate of 3.0 percent in the current quarter, up from a previous estimate of 2.9 percent, according to the Philadelphia Federal Reserve's quarterly survey of 43 forecasters, released on Friday. Growth in 2015 is expected to come in at 3.1 percent, unchanged from the 3.1 percent estimate in the May survey.

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