Economists see slow and regular recovery next year

NEW YORK--The pace of economic recovery of the U.S. remain steady but slow in front of high unemployment and heavy debt, according to a new survey.

The National Association for Business Economics inquiry should be released Monday, found economists now expect growth of 2.7% this year, up slightly from the previous forecast of 2.6%.

For 2011, the group is still waiting for a growth of 2.6%.

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The likelihood of relapse into recession or stagflation is considered faible.Mais high unemployment, debt and severe loss of wealth are supposed to hinder a more robust rebound, according to the survey

"" Confidence in sustainability of the expansion is intact, but panelists remain concerned about levels high federal debt, a high rate of unemployment, increase business regulation and rising prices of raw materials, said Richard Wobbekind, President of NABE and an associate at the School of business at the University of Colorado Leeds Dean. ""

51 Members interviewed by the group said that they expect also remain modest, with retail holiday sales this year consumption is projected to increase only 2.5 percent last year.

Meanwhile, the number of jobs employers add to their payroll should on average less than 150,000 a month prior to the second half of the year prochaine.Le unemployment rate is expected to remain high or 9.5% by early next year more.It is supposed to do facilitate only slightly to 9.2% at the end of 2011.

Tolls the recovery job started lowest on record, the said group.

Perspectives on the housing also remain warm, with Group scaling back its expectations for starts this year 720,000 its forecast of 750,000 last month.

Bright spot in the survey has been undertaken expenditures, with sustained growth, double-digit laid down at the end of the year prochaine.Les spending on structures now expected to grow by 1.8% in 2011 .c ' is still low, but better than earlier predictions of contraction of 0.2 per cent.

NABE panelists also stated that they expect the federal funds rate remain near zero until the end of the year prochaine.La note 10-year Treasury Board should now give 3.25% at the end of 2011, to the prediction of 3.75% last month.

The survey was taken between 21 Oc.t and November 4.

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