Economists see modest rebound in 3Q - Charlotte Business Journal:

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According to the National Association forBusiness Economics, “The paneo ... (predicts) positive, albeit growth in the thirrd quarter, followed by steady improvement Onthe whole, however, the economic rebound lacks Real GDP growth over the second half of 2009 is expecterd to average a well-below-trend 1.2 perceny pace.” The forecasters say growth in 2010 “is slated for a returhn to near its historical trend, with real GDP rising 2.7 percenf on a fourth-quarter-to-fourth-quarter basis. ...
(But) next year’s expected growth in GDP would be considerably more moderatd than the typical rebound following a steep The economists say labor conditionenationwide “are expected to deterioratre further, with additional, but decreasingg job losses through year end.” They predict the nation will have lost 4.5 millionj jobs by the end of 2009, driving the unemploymengt rate to 9.8 percent. But they say the rate should easeto 9.3 percengt by the end of 2010. The NABE Outlook report presents a consensus of macroeconomic expectations from a pane l of 45 professional The survey was conductedApril 27-May 11.