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economic forecast
Top Economists Say Recovery is 'Firmly on Track'
By David Sessions - Politics DailyTop forecasters are encouraged by the U.S. economy, according to a new survey of 48 economists by the National Association for Business Economics, CNN Money reports. The group predicted that the economy will grow 3.1 percent in 2010 and 2011 -- just slightly lower than their prediction in November. Corporate earnings will grow 15 percent, spurring hiring and eventually driving household spending. "Businesses are in position to take up some of the slack because of rebounding profits," said the association's president, Lynn Reaser. "Our economists believe improvement in sales and profits will ...
The Economy and the 2010 Elections: Bleak Assumptions May Be Premature
By Walter Shapiro - Politics DailyIn a reflection of both the news-of-the-moment obsession of TV anchors and the sad-eyed reality that 9.7 percent unemployment has become the new normal, Barack Obama skated through Sunday's talk-show pentathlon without being challenged about the moribund economy on four of the five networks that interviewed him. Only CNN's John King – in a shocking deviation from the journalistic herd instinct – bothered to ask, "Is the recession over?" Federal Reserve Chairman Ben Bernanke said last week that the recession is "very likely over," but Obama refrained from any "mission accomplished" ...
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