THE ECONOMY

* The U.S. economy should expand next year at a slower pace than in 1999 because of the growing trade deficit and lower residential investment, according to the latest quarterly survey by the National Assn. for Business Economics. The economy should grow at a 2.7% pace in 2000, after expanding 3.8% this year, according to the survey of 37 economists. The economists expect inflation to pick up, with the consumer price index rising 2.1% in 1999 and 2.3% in 2000. The CPI rose 1.6% in 1998. The survey also showed that economists expect that the Fed won’t raise the overnight bank lending rate again this year or next.