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Business Spending to Power Expansion as Jobs Gain, Survey Says

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Economists predict that corporate spending will fuel our recovery. Bloomberg reports the numbers: "Spending on equipment and software by companies is expected to increase 7.2 percent this year, up from the November survey’s projection for a 4.2 percent gain, according to the median estimate of 48 economists surveyed by the National Association for Business Economics. Purchases will rise even more next year, jumping 8.6 percent. Corporate spending will help drive economic growth of 3.1 percent this year and 3.2 percent in 2011, economists said. "
SOURCE:   Bloomberg

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