Economic Forecast For Slow Growth

Two major conclusions are found in a recent survey of economists by the Wall Street Journal:

1. Slow growth over the coming year

2. A recession is unlikely

As reported by the Los Angeles Times, the survey of 48 economists (not all of whom answered every question) also indicates that unemployment levels should continue at the current rate (7.8%) with the economy creating enough new jobs to account for growth of the labor force, but not enough to make a dent in the broader numbers.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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