Another “The Worst May Soon Be Over” Forecast

The following story recently (June 25) ran in The Wall Street Journal: “OECD Says The Worst May Soon Be Over For The Global Economy” http://online.wsj.com/article/SB124583299366346443.html This conclusion, that “the worst may soon be over” and that recovery will quickly follow,  seems to be extremely widely held among forecasters, as documented elsewhere (such as the June … Read more Another “The Worst May Soon Be Over” Forecast

Current Economic Forecasts

It seems as if there appears to be a growing consensus among private and public sector economists regarding economic forecasts; that of slightly positive third-quarter GDP growth, which gradually improves going forward; as well as a peak in unemployment around 10%. This is reflected in the latest (June) Wall Street Journal Economic Forecasting survey : http://online.wsj.com/article/SB124464007697702065.html In the survey, … Read more Current Economic Forecasts