Forecasters optimistic about economy, job creation

(AP) - Economists are more optimistic about growth thisyear as industries increasingly report better profits and add newjobs, though they still expect the recovery to remain slow, a newsurvey shows.

Seventy percent of those surveyed by The National Associationfor Business Economics believe real GDP will grow by more than 2percent this year, up from 61 percent who said the same in January.Twenty-four percent are predicting real GDP will grow by more than3 percent in 2010, up from 14 percent earlier this year.

The NABE forecast, released Monday, shows fewer jobs are beingshed, more are being created and more companies are making money.But rising wages and materials costs, weak pricing power andstill-tight credit conditions may be curbing capital spending.

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