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http://www.usatoday.com/news/nation/...83094/1?csp=hf
1.5% this year would mean 2.0% growth in the second half. I find that to be wildly optimistic.
Eight of 10 say the economy is in a recession, and nearly as many say it hasn't improved over the past year. Even more ominous: Six in 10 predict the economy a year from now will be the same or worse than today, a downturn from the public's views last year and the year before.
The International Monetary Fund sharply downgraded its economic outlook for the United States on Tuesday, projecting growth of an anemic 1.5% this year and 1.8% in 2012. Olivier Blanchard, chief economist for the international lending organization, warned that the world economy had entered "a dangerous new phase."
The International Monetary Fund sharply downgraded its economic outlook for the United States on Tuesday, projecting growth of an anemic 1.5% this year and 1.8% in 2012. Olivier Blanchard, chief economist for the international lending organization, warned that the world economy had entered "a dangerous new phase."
1.5% this year would mean 2.0% growth in the second half. I find that to be wildly optimistic.
In the USA TODAY survey, the public's economic expectations were reversed from where they stood two years ago, soon after economists calculated the recession officially had ended. In September 2009, 65% predicted the economy would be better in a year; 35% said it would be about the same or worse.
Now, 37% say things will be better in a year; 61% say they will be the same or worse. The poll of 1,004 adults, taken Thursday through Sunday, has a margin of error of +/-4 percentage points.
Now, 37% say things will be better in a year; 61% say they will be the same or worse. The poll of 1,004 adults, taken Thursday through Sunday, has a margin of error of +/-4 percentage points.
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