Economic activity will pick up in the second half of this year from the current soft patch, according to the Economic Advisory Committee of the American Bankers Association. The group predicts that inflation-adjusted GDP growth will rise to near 3 percent in the second half of this year and during 2012 and that more than 2 million jobs will be created this year – more than twice as many as last year.
Read the press release.
See detailed EAC forecast numbers.
Watch a two-minute video clip of EAC chairman Peter Hooper’s summary of the forecast.