DETROIT (WWJ) – A survey of business economists predicts economic growth will accelerate in the months ahead.
The National Association of Business Economists say the growth will go from a rate of 2.3 percent for the third quarter ending in September to a rate of 3 percent by the middle of next year.
Incoming President Jack Kleinhenz, tells WWJ’s Rob Sanford that the federal budget deficit does not pose an immediate economic threat.
“The belief was that certainly the fiscal issues are long term issues and ones that need to be resolved but most of them are out 10, 15, 20 years from now,” Kleinhenz said.
The slow growth will keep the pace of hiring at about 200,000 new jobs a month, only slightly higher than the average rate of about 190,000 this year.