Skip to comments.Economists don't expect US recession - NABE survey
Posted on 07/13/2014 9:46:08 AM PDT by Lorianne
Although economists have trimmed their estimates for second-quarter U.S. gross domestic product (GDP) growth, they don't believe the economy will hit a recession this year or next.
The panelists' median forecast for annual second-quarter 2014 real GDP growth is 3 percent, down from the 3.5 percent median forecast when the full Outlook survey was last released in June.
But in a positive sign, economists said the probability of the U.S. economy entering a recession in 2014 or 2015 is extremely low, with 60 percent of panelist saying the odds were less than 10 percent.
(Excerpt) Read more at cnbc.com ...
It appears as though we’re going to get another “unexpected” recession from the regime.
As long as the Fed ATM keeps on spewing cash it’s all Happy Happy time.
Proving that most “economists” don’t buy their own gas and groceries. The lie will continue as long as the inflation rate is calculated excluding fuel and food.
It depends on what the definition of “recession” is.
Recession or depression we are in it.
Not any kind of recovery.
When the words don’t match the actions everyone knows.
Why would anyone expect a recession when we’re already in one.
To the working stiff this is more like a depression.Thanks to the resident and the Congress.
GDP has taken on the characteristics of global warming forecasts.
We already had one. When they revised 1st QTR numbers down, that wiped out the slight gain in GDP for the 4th QTR: 2 quarters of negative growth equals recession.
By the time it takes them to finish revising the quarterly GDP’s down four or five times each quarter, it may take them five years to figure out we’ve been in recession all along.
If you're limiting your blame to just to those now in office, you are part of the problem.
Our decline has been going on for at least fifty years, under republicans as well as democrats.