Their projections show a return to positive growth in 2010, with a spike in unemployment of around 9%. Let's hope they are not being too optimistic.
Wednesday, February 18, 2009
The FED Provides More Bleak News...
The Federal Reserve Board released its summary of economic projections. The graph below shows actuals and mean estimates going forward for key economic variables.
Their projections show a return to positive growth in 2010, with a spike in unemployment of around 9%. Let's hope they are not being too optimistic.
Their projections show a return to positive growth in 2010, with a spike in unemployment of around 9%. Let's hope they are not being too optimistic.
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