Election angst hurting US economy

What’s behind the recent slowdown in the U.S. economy? It’s the election, stupid. Some 60 percent of business economists say that uncertainty about the November vote is damaging prospects for growth this year, according to a survey released Monday. In their latest forecasts, members of the National Association for Business Economics have once again marked down their expectations for this year, pegging the overall growth in gross domestic product at just 1.8 percent. That’s down from 2.2 percent in the group’s March survey and 2.6 percent in December of last year.


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