Tuesday, April 27, 2010

Stronger Than Expected

Via Oliver Willis, USA Today surveyed 46 leading economists and the consensus is that the economy is well on the road to recovery.

“I think we’ve gotten to a point where it’s a self-sustaining recovery,” says Standard & Poor’s chief economist David Wyss.

The experts predict growth of 3% this year, up from forecasts of 2.8% in January. In V-shaped upswings, growth is often 7% or more.

None see a return to recession by next year, and those who see some risk say it’s lessened markedly.

I am sure that the Republicans will take credit for it, too.