Forecasters have high hopes for US economy

NEW YORK: This year looks to be a much better one for the US economy than business economists were forecasting just a few months ago, according to a survey released on Monday.

The economy looks set to grow 2.2 percent this year after adjusting for inflation, according to the National Association for Business Economics. That is up from the 1.3 percent that economists from universities, businesses and investment firms predicted in the association's prior survey, which was conducted in November.