Most Forecasters Not Forecasting a Recession
Senator Sam Brownback of the Joint Economic Committee released a few reports regarding the debate about economic stimulus. One of these reports, A Primer on Economic Recessions, according to the email release, “while forecasters have concluded that downside risks to economic growth have been rising, most forecasters (including the Federal Reserve, the Congressional Budget Office, and private forecasters) are not forecasting a recession for the U.S. economy.”
Of course, there are a number of indications of an economic slowdown, so clearly economic stimulus is needed… For more information go here.
21 comments January 24th, 2008
