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Economists more upbeat about year ahead

Economists are increasingly, but still cautiously, optimistic about growth in the year ahead with the hiring expected to pick up in coming months.

By Associated Press | Updated on January 28, 2013
Trader Jonathan Corpina, left, and Bradley Bailey work on the floor of the New York Stock Exchange, Friday, Jan. 25, 2013. (AP Photo/Richard Drew)

NEW YORK (AP) — Economists are increasingly, but still cautiously, optimistic about growth in the year ahead with the hiring expected to pick up in coming months.

A quarterly survey by the National Association for Business Economists released Monday shows half of the economists polled now expect real gross domestic product — the value of all goods and services produced in the United States — to grow between 2 and 4 percent in 2013. That’s up from 36 percent of respondents who felt the same way three months earlier.

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