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Economists don't expect US recession - NABE survey
CNBC ^ | 11 July 2014 | Karma Allen

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 ...


TOPICS: Business/Economy
KEYWORDS:
Whew! I am so relieved now.
1 posted on 07/13/2014 9:46:08 AM PDT by Lorianne
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To: Lorianne

It appears as though we’re going to get another “unexpected” recession from the regime.


2 posted on 07/13/2014 9:47:17 AM PDT by FlingWingFlyer (The future must not belong to those who slander bacon.)
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To: Lorianne

As long as the Fed ATM keeps on spewing cash it’s all Happy Happy time.


3 posted on 07/13/2014 9:48:54 AM PDT by Ouchthatonehurt ("When you're going through hell, keep going." - Sir Winston Churchill)
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To: Lorianne

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.


4 posted on 07/13/2014 9:52:06 AM PDT by apoxonu
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To: Lorianne

It depends on what the definition of “recession” is.


5 posted on 07/13/2014 9:53:02 AM PDT by ilovesarah2012
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To: Ouchthatonehurt

Recession or depression we are in it.
Not any kind of recovery.
When the words don’t match the actions everyone knows.

futile post.


6 posted on 07/13/2014 9:54:50 AM PDT by glyptol
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To: Lorianne

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.


7 posted on 07/13/2014 9:58:05 AM PDT by puppypusher ( The World is going to the dogs.)
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To: Lorianne
Well, they did nail the 1Q 2014 forecast: In January they forecast 3.0% growth and eventually got a 2.9% decline.

GDP has taken on the characteristics of global warming forecasts.

8 posted on 07/13/2014 10:03:59 AM PDT by Senator_Blutarski
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To: Lorianne

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.


9 posted on 07/13/2014 10:33:25 AM PDT by SC_Pete
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To: Lorianne

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.


10 posted on 07/13/2014 11:14:14 AM PDT by seowulf (Cogito cogito, ergo cogito sum. Cogito.---Ambrose Bierce)
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To: puppypusher; Lorianne
To the working stiff this is more like a depression.Thanks to the resident and the Congress.

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.

11 posted on 07/13/2014 12:20:59 PM PDT by Age of Reason
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To: Lorianne
how did they miss 2.9% decline in 1st quarter gdp ? they all take for granted GLOBAL Warming so they have no coefficients on weather which is ludicrously called settled science
12 posted on 07/13/2014 1:31:57 PM PDT by Understand the stimulus
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To: Lorianne
"Economists don't expect US recession"

A recession would mean an improvement to the economy, so they're saying that things are going to remain pretty grim for the foreseeable future.
13 posted on 07/13/2014 9:04:05 PM PDT by clearcarbon
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