From a small northwestern observatory…

Finance and economics generally focused on real estate

Economy set to improve?

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Neat article in CNN Money this morning titled “Economists a Bit More Optimistic”.  To read in its entirety, click here.

In short, economists are a bit surprised — pleasantly so, I might add — at economic results thus-far in the 4th quarter.  CNN’s survey of 20 economic forecasters finds a consensus sentiment of GDP growth at 3.3% this quarter, substantially higher than where it’s been thus-far in the past several quarters, and with perhaps some momentum to carry forward into 2012.

Now, 3.3% isn’t quite as good as we’d like to see — 4% would be even better.  However, as I’ve been noting for some months, GDP growth in the 2% – 3% range would barely be enough to keep us at status-quo, much less get job growth to the levels needed to cure unemployment problems.  Hence, if this survey and forecast are correct, it is indeed very good news for the holidays.

Written by johnkilpatrick

December 28, 2011 at 7:48 am

Posted in Economy, Finance, Uncategorized

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