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GDP growth projections now higher for US, gains in jobs expected

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Economists surveyed by the National Association for Business Economics increased their growth projections for the US economy in 2018, the association announced today. The median forecast calls for real GDP growth of 2.9% this year, up from the December 2017 estimate of 2.5%.

Real GDP — which grew 1.3% in 2017 — is then expected to decline to 2.7% in 2019.

“NABE Outlook panelists are more optimistic about the US economy in 2018 than they were three months ago, especially regarding prospects for the industrial sector of the economy,” said NABE VP Kevin Swift, chief economist at American Chemistry Council. “The panel’s

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