Published October 12, 2010
FoxNews.com
The economic forecasts just keep getting worse.
The National Association for Business Economics released a study Monday downgrading its growth prediction from 3.2 percent to 2.6 percent for this year, with next dragging along at the same pace. The forecast showed the jobless rate hovering above 9 percent through 2011.
The study comes after the Congressional Budget Office pegged growth next year at 2 percent, a pace the office described as "anemic" compared with other post-recession recoveries.
So what can the government do about it? Washington has been pushing out bold, new economic proposals since the recession started, but one glance at the job-fair crowds these days would prove these proposals have had limited effect.
There is no shortage of comments in the suggestion box. FoxNews.com has compiled recommendations from top economists about what Washington can do to give the country's job market and productivity a kick in the pants...
To read the full article... click here.
"Interestingly, koi, when put in a fish bowl, will only grow up to three inches. When this same fish is placed in a large tank, it will grow to about nine inches long. In a pond koi can reach lengths of eighteen inches. Amazingly, when placed in a lake, koi can grow to three feet long. The metaphor is obvious. You are limited by how you see the world."
-- Vince Poscente
-- Vince Poscente
Friday, October 22, 2010
Check out... 5 Ways to Make a Bad Economy Better
Labels:
business recovery,
economic recovery,
recession,
US economy
Subscribe to:
Post Comments (Atom)
Son Isaac on Camel in Tangiers
"Sometimes your only available transportation is a leap of faith."-- Margaret Shepard
No comments:
Post a Comment