Economic Advisory Committee

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ABA Sees Economic Growth Building Steam

Jun 15, 2011By

A panel of economists on the Economic Advisory Committee of the American Bankers Association (ABA) is projecting that the U.S. economy will recover from the latest soft patch and pick up steam in the second half of 2011.   The committee predicts that inflation-adjusted GDP growth will increase to about 3% during the rest of the year and 2012.  Additionally, they expect that 2 million jobs will be created this year and 2.5 million jobs in 2012. “Business growth has built up some staying power, despite continued head winds,” said Peter Hooper, committee chairman and chief economist of Deutsche

3d rendering of a row of luxury townhouses along a street

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