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US Economy: No New Lease on Life

Growth to slow to 2.4% in 2013 says equipment leasing group.

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By: TOM BRANNA

Editor

This fiscal cliff thing is really impacting outlooks for the new year. Even as Congress and the President seem to be moving closer at the negotiating table, industry groups are hedging their bets on 2013 results. In its outlook for 2013, The Equipment Leasing & Finance Foundation, which is focused on the $725 billion equipment leasing and finance industry, projects equipment and software investment will grow, although at a below-average rate of 2.9%, hampered by weak demand and fiscal u...

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