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Winter didnít derail recovery, top forecaster says
Market Watch ^ | May 13, 2014 | By Rex Nutting

Posted on 05/13/2014 10:33:51 AM PDT by Oldeconomybuyer

The cold and wet winter set the U.S. economy back, but it didn’t knock it off the rails, according to Ted Wieseman, an economist for Morgan Stanley and the winner of the April Forecaster of the Month award from MarketWatch.

The slow start to the year, with gross domestic product likely contracting in the first quarter, means growth in 2014 won’t hit the 3% pace that Wieseman and many other economists had expected. In fact, the economy may grow less in 2014 than the 2.6% growth posted in 2013.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: economy; failure; gdp; obamanomics
I know it's from MarketWatch, but Mr. Wieseman better prepare for an IRS colonoscopy.
1 posted on 05/13/2014 10:33:51 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

This recovery is killing us


2 posted on 05/13/2014 10:34:38 AM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: GeronL

In other words, he is calling out the Global Warming alarmists by saying the weather had nothing to do with the current recession no one will report on.


3 posted on 05/13/2014 10:49:38 AM PDT by EQAndyBuzz ("Heck of a reset there, Hillary"S)
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To: Oldeconomybuyer

True enough.

It can’t be derailed if it’s not even on the tracks.


4 posted on 05/13/2014 10:51:27 AM PDT by WayneS (Don't blame me, I voted for Kodos.)
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To: Oldeconomybuyer

I’d like to know when they’re gonna stop calling 1-2% growth “recovery”.


5 posted on 05/13/2014 11:19:46 AM PDT by skeeter
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