U.S. Economy to Slow This Year, Hurt by Housing, Business Economists Say

(Bloomberg) -- The U.S. economy will slow this year,
hurt by a protracted housing slump and a pullback in business
investment, according to a survey by the National Association
for Business Economics.

Economists cut estimates for growth this year to 2.2
percent, according to the median of 48 forecasts, from 2.7
percent in the group's February survey. Capital spending will
rise 3 percent, down from a 5.4 percent forecast in the prior
survey, according to the poll taken April 19 to May 8.


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