Skip to comments.Forecasters see only moderate US growth in 2012-13 ($ 5T brings weak growth, high unemployment)
Posted on 11/17/2011 11:08:41 AM PST by Qbert
LANSING, Mich. (AP) -- The U.S. economy should grow only moderately over the next two years, generating just enough jobs to slowly reduce unemployment, University of Michigan economists said Thursday.
The annual economic forecast said that economic output growth should be about 2.5 percent in both 2012 and 2013, up from this year's projected rate of 1.8 percent. The national jobless rate should drop from 9 percent now to 8.8 percent in late 2012 and to 8.5 percent in late 2013, forecasters said.
(Excerpt) Read more at finance.yahoo.com ...
WHAT?? How can this be? Goldman was predicting S+P 1450 by the end of the year!!
What’s Obama trying to do about it? It’s amazing just how little he and his party have tried or been willing to do.