Next year should be better economically, according to participants in the 24th annual Economic Outlook Symposium, as gross domestic product will show more growth, inflation will rise to levels closer to what is considered "normal," and the jobless rate will dip.

Participants expect GDP to expand 2.4% this year and 3.0% next year. Inflation, as measured by the consumer price index, should average 0.9% this year and 1.6% next year, while unemployment is seen slipping to a "still quite high 9.2%."

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