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Showing posts with label Economist Sees Modest GDP Growth in Late 2009. Show all posts
Showing posts with label Economist Sees Modest GDP Growth in Late 2009. Show all posts

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.