2003 Growth Forecast Scaled Back to 2.6%

Economists scaled back forecasts of 2003 U.S. economic growth for a second straight month as expectations waned for a rebound in consumer spending and inventory building, the latest Blue Chip Economic Indicators survey found.

The economy probably will expand 2.6% this year, down from the forecast of 2.7% that the survey found last month.

From Bloomberg News