Tuesday, June 10, 2008

US will dodge a recession

At least that is the current concensus according to Reuters:

WASHINGTON (Reuters) - Economists have trimmed forecasts for U.S. growth in the second half of this year and in 2009, but more have come to the view that the United States will dodge a recession, a survey released on Tuesday showed.

...

"The consensus now suggests the downturn in economic growth will be less steep than earlier feared, but the subsequent recovery in growth to its trend rate will take longer than hoped a few months ago," the newsletter said.


Of course trying to convince anybody of that will be impossible.

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