U.S. business spending seen on upswing in 2006

Newswire

By Mark Felsenthal WASHINGTON, Dec 23 (Reuters) - U.S. business investment will pick up in 2006 as companies spend on buildings and inventories, helping propel economic growth and offsetting an expected slowdown in consumer spending, economists said on Friday. Businesses have cash to invest as economic growth has strengthened, economists said. "The fundamentals suggest that despite the higher energy prices and somewhat higher interest rates, at least on the short end, that spending ...

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