23 April 2012 20:17 [Source: ICIS news]
WASHINGTON (ICIS)--Business economists are increasingly confident that the ?xml:namespace>
Almost two-thirds of the responding economists said they expect
That would put the
But only 15% of the polled economists said they have any expectation that US GDP will exceed 3% this year. However, that figure does represent an improved outlook, since only 5% of economists surveyed in January were anticipating growth above 3% this year.
The economists' expectations for an improving US outlook are in contrast to other recent reports suggesting that a new European recession, a cooling Chinese growth rate and Middle East tensions could combine to chill the already weak US recovery.
Although only 28% of economists said their firms are hiring new workers, fully 40% said they believe
NABE said most of its members also anticipate relative stability over the next three months for their raw materials costs and for pricing of their own companies’ products.
However, the survey was conducted in early April, before renewed concerns about the financial stability of
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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