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