Category — Economy
American Bankers Association Economic Advisory Committee Predicts Job Growth
The American Bankers Association (ABA) Economic Advisory Committee (EAC) predicts that by the end of 2010 job growth will increase.
Economists for the ABA predict that the high unemployment rate and the fact that consumers are holding back on their spending will slow the economic recovery process, but at the same time the ABA economists expect the real gross domestic product (GDP) to grow by 3.1% in 2010. At the rate of growth of 3.1%, the GDP will only grow at half the rate the GDP has reached after historic recessionary periods.
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