WASHINGTON (AP) — 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.
Dave Huether, chief economist for the National Association of Manufacturers, is one of the AP’s panelists and was interviewed for the AP Online Video Network in this clip. Huether:
Right now I see the economy as decelerating. I think the chances of going to double dip aren’t too high – I’d place it probably under 25 percent.
But the signs are right now that with the bulk of the stimulus in the rear-view mirror, the inventory rebound in the rearview mirror, the economy is set to grow, I think, at about a 2, 2-1/2 percent pace probably in the second half of the year.
The survey predicts unemployment falling just to 9 percent by the end of 2011, and some economists do not think employment will return to its historical norm until 2018.
Latest posts by Carter Wood (see all)
- Farewell from a Blogger - May 25, 2011
- Activist Ignore Evidence to Back Shakedown Suit Against Chevron - May 25, 2011
- More than a Lawsuit: A Circle of Political Pressure Against Chevron - May 25, 2011