Posted by: arnegrim | October 28, 2010

Economy not stimulated by stimulus

“The job market and the economy will improve only slightly next year, according to an Associated Press survey of leading economists whose outlook for 2011 has dimmed over the past three months…

…In their view, shoppers and employers will stay cautious. Households will keep saving. Inflation will remain tame. And unemployment will dip only a bit from the current 9.6 percent rate to a still-high 9 percent at the end of 2011…

…Some now think unemployment won’t drop to a historically normal 5.5 percent to 6 percent until at least 2018 — several years later than envisioned earlier.”

http://news.yahoo.com/s/ap/20101028/ap_on_bi_ge/us_ap_economy_survey

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