Experts Temper forecasts of econmmic growth, thanks to Oil prices

[Bill USA]

http://www.usatoday.com/NEWS/usaedition/2011-04-25-Economists-surveyART_ST_U.htm

Nearly eight in 10 economists say they’re less optimistic about the nation's economic outlook this year than they were three months ago and most call high energy prices the biggest threat to the recovery, according to a USA TODAY survey.

The good news: Despite a less-ebullient view, the economists have not changed their forecasts for signficantly stronger job growth in 2011.

They expect the economy to expand 2.9% this year, about the same as 2010, down from their median forecast of 3.2% in January, according to the survey of 45 top economists conducted April 15-20. That moderate growth is far less than the 5% to 7% surges that followed previous steep downturns.

(more)

Between oil price surges and the Corporate Lobbyist Party doing everything they can to sabotage the recovery it's lucky if we'll see ANY economic growth or job creation AT ALL.

The Red State Brigade - burning the crops in the fields and calling Obama the arsonist.

[TBA]

1. Job growth? Who are they kidding?

Maybe in China or something.

[jtuck004]

2. Maybe McDonalds is going to expand... eom