You may not feel as if we're out of the woods yet. But the consensus among the 50 leading economists regularly surveyed by the Blue Chip Economic Indicators is that the recession is indeed over, and from a technical standpoint at least, probably ended in the summer.
You're right, though, to feel less than sanguine about this pronouncement. The majority of those economists put growth at just 2.5% next year, and several believed 1.7% was closer to the mark -- well below the U.S. long-term average of 3%.
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I definitely agree with this article. 2008 and 2009 were bad years. However 2010 is when we can start over. I am from the class of 2010 and I'm glad that the economy is recovering fast. I hope to see more evidences of the economy back to its feet though.
ReplyDeleteQuang Nguyen
I real enjoy this blog. Good information. Thanks
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