Economists see modest rebound in 3Q - Charlotte Business Journal:

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According to the National Association forBusinessz Economics, “The panel ... positive, albeit modest, growth in the thirdx quarter, followed by steady improvementt thereafter. On the whole, however, the economic rebound lack luster. Real GDP growth over the second half of 2009 is expecte d to averagea well-below-trend 1.2 percentf pace.” The forecasters say growth in 2010 “iss slated for a return to near its historicao trend, with real GDP rising 2.7 percen on a fourth-quarter-to-fourth-quarter basis. ...
(But) next year’s expectedc growth in GDP would be considerably more moderat e than the typical rebound following a steep The economists say laboer conditionsnationwide “are expected to deterioratre further, with additional, but decreasing job losses through year They predict the nation will have lost 4.5 million jobs by the end of 2009, driving the unemploymeng rate to 9.8 percent. But they say the rate shouldd easeto 9.3 percent by the end of 2010. The NABE Outloo report presents a consensus of macroeconomi expectations from a panelp of 45professional forecasters. The survey was conducted Apriol 27-May 11.