New York (CNN Business) A growing number of American economists are bullish about growth in the coming year.

The National Association for Business Economics said in a survey released Monday that 67% of respondents expect America's gross domestic product -- the most complete measure of the nation's economy -- to grow by 1.1% to 2% this year. A growing number of respondents (30%, compared to 20% in October) expect even higher growth of up to 3%.

The survey of 97 NABE members about US business conditions was conducted in late December and early January, when several economic bright signs became apparent, said Ken Simonson, chief economist for the Associated General Contractors of America and a NABE spokesperson. The United States, Mexico and Canada neared completion on a trade agreement, and the stock market closed out the year on a high note, and the Federal Reserve has kept interest rates low , he said.

The survey took place before the United States and China signed a preliminary trade agreement, but the deal had been telegraphed for quite some time.

Fears of a recession have abated and businesses are confident about the health of the US economy.

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