Economy to rebound in second half of 2015, bank economists say

Bank economists expect the U.S. economy to rebound in the second half of 2015 with 2.8 percent annualized inflation-adjusted real GDP growth, according to a report released Tuesday by the Economic Advisory Committee of the American Bankers Association. The committee consists of 16 chief economists from among the largest banks in North America. It attributed the weak first quarter of 2015 to temporary factors including bad weather and the plunge in oil sector investment and said the fundamentals…
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