NABE Forecasts Accelerated Economic Growth In Coming Year

By Chemical Processing Staff

Dec 12, 2014

Economic growth is expected to accelerate in 2015, according to the December 2014 Outlook Survey from the National Association for Business Economics (NABE). The December 2014 NABE Outlook presents the consensus of macroeconomic forecasts from a panel of 48 professional forecasters.

Participating economists also anticipate a rising GDP accompanied by an improved labor market and falling unemployment rate by the end of next year. Panelists also trimmed their forecasts for inflation in part due to lower oil price expectations, according to the report.

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