Economists predict solid US economy under Bush or Kerry
AFP, October, 2004
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WASHINGTON (AFP) — The US economy will grow solidly in 2005 despite high oil prices, no matter whether President George W. Bush or John Kerry is in the White House, top business economists said.
Gross domestic product -- total economic output -- was expected to grow 3.7 percent in 2005 after a 4.3-percent expansion in 2004, said a National Association of Business Economists (NABE) panel.
"After a soft patch in the spring quarter the economy appeared to find firmer footing this summer," NABE president Duncan Meldrum said.
"Fortunately, our panel expects the expansion to gain additional traction over the second half of this year and advance at a solid pace in 2005," Meldrum said.
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The panel of 38 NABE forecasters said the outlook would be little different whether Bush or Kerry won the November 2 presidential elections.
"The NABE panel does not place significant weight on a Bush or ...
