Thursday, May 14, 2009

That does not sound to rosy to me...



from The Wall Street Journal


Economists in the latest Wall Street Journal survey see an end to the recession by August, but say it will take years to eat up the slack created by the downturn.



Nearly half of the economists said it will take three to four years to close the output gap, while more than a quarter say it will take five to six years. The economists on average expect the unemployment rate to climb to 9.7% by the end of the year, with two million more jobs lost over the next 12 months
http://online.wsj.com/article/SB124223735808916011.html#mod=djemalertNEWS

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