Economists growing more upbeat about year ahead

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Associated Press

Posted on January 28, 2013 at 11:01 AM

Updated Monday, Jan 28 at 11:02 AM

NEW YORK (AP) — Economists are increasingly, but still cautiously, optimistic about growth in the year ahead with hiring expected to pick up in coming months.

A quarterly survey by the National Association for Business Economics released Monday shows half of the economists polled now expect real gross domestic product — the value of all goods and services produced in the United States — to grow between 2 and 4 percent this year. That's up from 36 percent of respondents who felt the same way three months earlier.

About half expect sluggish or negative growth, down from 65 percent in October.

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