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  • Forecasts for Early 2004 Are Lifted by Economists

    11/14/2003 6:17:20 AM PST · by OESY · 11 replies · 194+ views
    WALL STREET JOURNAL ^ | November 13, 2003 | CINDY PERMAN and JON E. HILSENRATH
    <p>Economists are nudging higher their projections for economic growth early next year, suggesting they are becoming more confident the recovery is sustainable.</p> <p>Among 53 economists who participated in The Wall Street Journal Online's November economic-forecasting survey, the average forecast for the inflation-adjusted, annualized growth rate of the nation's gross domestic product during the first quarter of 2004 was 4.1%. That was revised up from the 3.9% rate predicted when the group was last surveyed in October.</p>