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Business economists report solid but slowing growth in third quarter
Business economists report solid but slowing growth in third quarter

Business economists reported solid but slowing growth at their companies over the summer as gauges of sales, hiring and profit margins fell slightly from the second quarter, according to survey results released Monday. Despite concerns about economic conditions in Europe, respondents in the quarterly survey by the National Assn. for Business Economics said they were more optimistic about overall U.S. growth than they were in July. About 85% said they expected total economic output, or gross domestic product, to expand by more than 2% over the next year. That compared with 77% who had those expectations in the last quarterly survey. “Business conditions continued to improve during...

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