US economists see growth slowing end 2010-Fed survey

NEW YORK, Feb 12 (BestGrowthStock) – Private-sector economists see
the economy growing more quickly than previously forecast in
the first three quarters of 2010, but growth would be slower
than expected toward the end of the year, a Federal Reserve
Bank of Philadelphia survey said on Friday.

For the full year 2010, economists raised growth estimates
for annualized real gross domestic product (GDP) to 3 percent
from their earlier projections of 2.4 percent.

They said job growth would be greater than expected for the
next two quarters, but downwardly revised estimates for after
that. While jobs are now expected to grow by 600 a month in the
first quarter and 117,600 a month in the second quarter, they
are forecast to grow on average by 96,000 in the second half of
2010.

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(Reporting by Emily Flitter, Editing by Chizu Nomiyama)

US economists see growth slowing end 2010-Fed survey