Gross domestic product should grow 2.1% this year and 2.7% next year, while inflation , as measured by the consumer price index, should be 1.8% this year and 1.7% next, with the unemployment rate sliding to 5.6% by the end of 2015, according to participants in the Federal Reserve Bank of Chicago's annual Economic Symposium.
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The panelists expect a moderate increase in consumer spending, with businesses spending somewhat less in the coming year.
The participants also see the housing market recovering at an accelerated pace, especially in terms of housing starts.
Oil prices are seen slipping.
