The article is realistic and not optimistic. They are talking growth but very limited growth. They are also talking continued unemployment and layoffs, and they are expressing the concern that the recovery may not hold as growth may not sustain without stimulus money. In addition there is concern that at some point the interest rate has to increase meaning increasing inflation.
This thing is a long way from over.
McClatchy: Good news: Economy may grow. The bad? It won't last
...project that growth will resume from July through September, but only at an annual rate of eight-tenths of 1 percent, accelerating to a 1.9 percent annual rate in the final three months of this year.
From there, the economy will gain steam, but will grow at only a 2.1 percent rate next year, the association predicts.
...lenders will be tougher about making loans, limiting consumers' ability to spend and thus braking business growth.
...falling stimulus spending, higher interest rates and rising inflation could combine to choke off recovery by late 2010 or early 2011.
No comments:
Post a Comment