The U.S. economy will remain sluggish, with GDP growth between 2% and 2.5%, Atlanta Federal Reserve Bank President and CEO Dennis Lockhart said Tuesday, in line with the 2.1% average since the recession started.

"For 2013, I'm forecasting a continuation of this basic picture. I expect full-year GDP growth to be between 2 and 2 1/2 percent. I could be wrong, but I don't expect 2013 to be a breakout year," he told business students at the Instituto de Empresas in Madrid, Spain, according to text released by the Fed.

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