Dr. Peter Morici: Quarterly Forecasts; US slow growth or double dip?
Jul 16th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Dr. Peter Morici: It is the season for US economic forecasts, and I have been polled by several published surveys. Like other forecasters, I see growth too weak to create enough jobs to pull down unemployment - - private sector jobs could even stagnate. The risk of a double dip is at 50 per cent. If that happens, the economy likely will stay down for many years.