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If you believe that US GDP growth is going to be 2.1% in 2010 and 2.4% in 2011, then you believe that the unemployment rate is still going to be above 10% at the end of 2011. You should not believe that. That is unbelievable.
Speaking of pessimists!
Friday, December 2, 2011
Goldman Sachs is really pessimistic. Here's their forecast for economic growth in various countries, via the WSJ's blog:
If you believe that US GDP growth is going to be 2.1% in 2010 and 2.4% in 2011, then you believe that the unemployment rate is still going to be above 10% at the end of 2011. You should not believe that. That is unbelievable.
If you believe that US GDP growth is going to be 2.1% in 2010 and 2.4% in 2011, then you believe that the unemployment rate is still going to be above 10% at the end of 2011. You should not believe that. That is unbelievable.
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