Economic Growth Likely to Ease in 2005

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Economic growth will slow this year, but it will still be enough to reduce the nation’s unemployment rate, business economists say.


In its latest economic outlook, the National Association for Business Economics predicts the economy as measured by gross domestic product, the broadest barometer of the country’s economic health will expand by 3.6 percent this year and in 2006 as well.


The projections would mark slowing from the 4.4 percent growth reached in 2004, the strongest showing in five years.


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