Thursday, November 13, 2008

Not-So-Good Economic Predictions

Don't count on the economy improving very quickly. According to
The recession will continue until at least the end of 2009 for a cumulative gross domestic product drop of over 4%; the unemployment rate will likely reach 9%. The U.S. consumer is shopped-out, saving less and debt-burdened: This will be the worst consumer recession in decades.

They summarize a series of articles, all pointing to things getting worse before they get better.

Have a nice day!

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