Expect moderate growth of 2%, led a gradual rise in consumer spending, private-sector investment and more spending by the federal government, at least until the 2011 tax season. That’s what Wells Fargo’s economic group is predicting for the near future of what it describes as a fairly boring recovery.

“I often find myself turning to a thesaurus to find new synonyms for slow,” joked Tim Quinlan, an economist with Wells Fargo in Charlotte, N.C. “But that’s what we’re predicting—slow growth with no double dip.”

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