The economy will grow by 3% this year and savings balance growth at credit unions will remain at 5%, according to an economic forecast released today by CUNA.
The nation's economic growth would represent an increase from the 2.6% rate last year and would be triggered by private sector job growth and expansionist monetary and fiscal policy.
However, the report predicts that unemployment will be high for two years. This morning, the labor Department reported that unemployment was 9.4% in December, compared with 9.8% in November.
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