Published October 01, 2009, 08:18 AM
Economic growth to slow by year’s end
The unfolding economic recovery will probably lose some momentum in the final three months of the year as rising unemployment and still hard-to-get credit weigh on consumers.
WASHINGTON (AP) — The unfolding economic recovery will probably lose some momentum in the final three months of the year as rising unemployment and still hard-to-get credit weigh on consumers.
The economy will grow at a pace of around 2.5 percent in the October-December quarter, according to projections made by analysts at Wells Fargo, IHS Global Insight and Moody’s Economy.com. If accurate, that would mark a slowing from the projected growth of at least 3 percent that many economists think occurred in the just-ended third quarter.
Tags: us business, business, economy, unemployment, credit
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