A poll was taken of 46 economists who say that there has been an increasing amount of optimism about the U.S. recovery. These economists predict the economy to annually grow at a rate of 3.2% to 3.4% each quarter of this year, 2011. Economists see this growth becoming ‘self-reinforcing’ which is a nice change of pace for our economy. Businesses are expected to use the growth of their stronger sales to begin hiring more aggressively and generate a higher income. As a soon to be college graduate, this is very reliving to hear. Unemployment rate is starting to drop and jobs will open up and U.S. corporations will be more confident and demanding. The job market is finally becoming more stable as the economy recovers.
3 comments:
interestingly because the consumer confidence in January is higher than expected. I think the holiday season affect is still lingering around. Anyhow, this is a good news to boost confidence in investors, producers and consumers. Hopefully, it will help the economy rolling again
Increasing consumer confidence is a good sing and I hope that the government can manage to keep the consumers expectations well managed. It is also very positive that the unemployment rate is starting to drop but I am certain that will be several years until the natural rate of unemployment is reached.
Increasing consumer confidence is pretty significant to the goal of recovering for the economy. As long as the consumer confidence gradually increases, the economy will continue to improve meanwhile the unemployment rate is decreasing. This would create more tax payers for the government. I wonder what's the next move for the government in this economy?
Post a Comment