US companies see growth 3-3.5% through mid-2015: Chamber
[WASHINGTON] US businesses expect the nation's economy to grow between 3 per cent and 3.5 per cent at least through mid-2015, but their longer term outlook is less certain, the head of the US Chamber of Commerce said on Wednesday.
"Energy prices and inflation should remain low for the time being," the group's president, Tom Donohue, said in speech.
"There is no reason to think that another recession is lurking out there on the near term horizon."
But beyond the near term, "the outlook is much less certain," he said, especially with China's growth slowing, Europe "floundering" and Japan perhaps sinking back to recession.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill
Fed survey cites inflation, US election as key financial stability risks
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies