Members now see the U.S. economy expanding by 2.2 percent this year, up slightly from 2.1 percent three months ago.
President Obama signed the Outdoor Recreation Jobs and Economic Impact Act of 2016 into law on Thursday.
BoatUS said it hopes President Obama will sign the bill before the end of the year.
The outdoor recreation industry contributes about $646 billion a year to the nation’s gross domestic product, about 4 percent of the U.S. economy.
In one of its first acts upon returning to Washington, the U.S. House of Representatives unanimously passed the Outdoor REC Act.
Economists aren’t known as a cadre of optimists — after all, the profession carries the nickname “the dismal science” — but they certainly expected more out of the U.S. economy in the second quarter than it had to give.
The U.S. economy is nearly a month into the third quarter, but we still don’t have a fully clear picture of the way the year’s first half ended.
New economic numbers suggest that the economy is poised for faster growth after a disappointing first quarter.
The Commerce Department said the nation’s gross domestic product grew by just 0.2 percent.