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Economy

Economists don't expect US recession - NABE survey

Although economists have trimmed their estimates for second-quarter U.S. gross domestic product (GDP) growth, they don't believe the economy will hit a recession this year or next.

The National Association for Business Economics' Outlook survey of 50 economist, taken just days after the release of the June jobs report, also found economists believe the Federal Reserve will hike rates earlier than previously expected.