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Friday, February 13, 2009

Wild Optimism: Economist Sees Modest GDP Growth in Late 2009

This Counts as Wild Optimism: Economist Sees Modest GDP Growth in Late 2009
It's hard to be a saint in the city and it's even harder these days to be optimistic about the U.S. economy. According to a Pew Center poll, 30% of Americans think we're already in a depression while the econo-bears like Nouriel Roubini have seen their stature rise dramatically.
Relative to that, John Ryding, chief economist of RDQ Economics, is a wide-eyed optimist because he believes the U.S. economy will experience positive growth in the second-half of 2009 and the unemployment rate will peak at 9% in 2010, not reach the low-to-mid teens as many others forecast.

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