things are looking up

AP Survey: Outlook for 2011 Economy Brightening - CBS News


The AP survey collected the views of 42 private, corporate and academic economists on a range of indicators. Among their forecasts:

- The economy will grow 3.2 percent this year, compared with the 2.7 percent they forecast in October. That would top last year's estimated growth of less than 3 percent.

- Employers will create a net total of 2.2 million jobs. Three months ago, the economists predicted 1.6 million jobs would be added in 2011. Last year, employers added roughly 1.1 million.

- Consumers will spend 3.2 percent more this year than last year. That's stronger than the 2.5 percent growth the economists had forecast in October. And it's nearly double the spending growth that's estimated for 2010.

Hmmm, all these forecasts have increased ever since the Republicans retook control of the house.... Things that make you go Hmmmmm.
 
Real unemployment/underemployment is the new credit crisis. We are still pumping a lot of money into the economy through subsidies, but that has to end and probably sooner versus later.
 

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