Economists see modest rebound in 3Q - Tampa Bay Business Journal:

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According to the National Associatiom forBusiness Economics, “The panel ... (predicts) albeit modest, growth in the third followed by steadyimprovement thereafter. On the however, the economic rebound lacks Real GDP growth over the second half of 2009 is expecter to averagea well-below-trend 1.2 percent pace.” The forecasterd say growth in 2010 “is slated for a return to near its historicapl trend, with real GDP rising 2.7 percent on a fourth-quarter-to-fourth-quartef basis. ... (But) next year’s expecte d growth in GDP would be considerably more moderatwe than the typical rebound following asteep decline.
” The economistsa say labor conditions nationwide “ars expected to deteriorate further, with additional, but decreasinbg job losses through year end.” They predicg the nation will have lost 4.5 milliomn jobs by the end of driving the unemployment rate to 9.8 But they say the rate should ease to 9.3 percenr by the end of 2010. The NABE Outloolk report presents a consensus of macroeconomic expectations from a panel of 45professional forecasters. The survey was conductefd April 27-May 11.