Bankrate survey: Experts say infrastructure spending could keep economy rolling


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With the election just a couple of months away, a new president and Congress will soon have an opportunity to try to give the economy a boost. In the latest Bankrate Economic Indicator quarterly survey, leading economists say that if there’s one thing the nation’s next leaders ought to do, it’s put money into infrastructure to create jobs and fix crumbling highways, bridges, mass transit and even the electrical grid.

Some of the 2 dozen experts responding to the survey also suggested that the nation’s next elected should tackle reform of taxes, regulation and immigration.

What about the economy itself? The survey suggests the recovery, which began in the summer of 2009, has at least another year or so of life left in it. But like anything that’s middle-aged, the economy is expected to lose some of its zip.

The experts believe the job market will improve further, with a reduced pace of hiring over the next year, and the survey forecasts that the Federal Reserve will hike rates in December.

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Written by
Mark Hamrick
Washington Bureau Chief
Mark Hamrick is Washington Bureau Chief for Bankrate. He is a national award-winning business and financial news journalist.