Economist says US likely to grow 2.5 - 3.0% this year

The US economy is likely to grow by between 2.5% and 3.5% this year, avoiding a slide back into recession, National Bureau of Economic Research (NBER) president Martin Feldstein said.

"The most likely thing is that we will have economic growth in the 2.5 - 3.5 percent range," Feldstein told AFX News in an interview on the sidelines of an Asia-Pacific Economic Cooperation (APEC) summit in the Mexican beach resort of Los Cabos.