AP Survey Suggests Economic Recovery Could Be Slow Into 2011

A new survey suggests economic recovery will be fitful and somewhat uncertain into next year.

The Associated Press survey of leading economists suggests the pillars of Americans' financial security, jobs and home values, will stay shaky well into 2011.

Three-fourths of the economists say that as a result, the Federal Reserve will be forced to keep interest rates near zero until at least the final quarter of this year.

The survey finds the unemployment rate will stay stubbornly high the next two years, inching down to 8.4 percent by the end of 2011.

The survey says home prices will remain almost flat for the next two years.

The new AP survey will be conducted quarterly. It compiles forecasts of leading private, corporate and academic economists on a range of indicators.

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  • by derrick Location: Greenville on Apr 12, 2010 at 03:30 PM
    Anonymous @6:34am, your right! didn't you get yours?
  • by OutsideLookingIn Location: ENC on Apr 12, 2010 at 11:02 AM
    Oh, don't worry about Obama, his administration, his family, or other politicians like the Senate/Governers/Congress; they will be just fine. Their jobs and salaries are not affected by our 'alledged failing economy'. The only people affected by layoffs, absent jobs, higher taxes, and higher commodity prices (including food) are regular American people. So don't worry; Obama has all the time in the world for the economy to turn around, which is kind of iffy considering there is only 'paper money' floating everything, with little to no resources to back it up. Some of us tried to verbalize this before he was elected, but we were 'poopooed' and told we were racist. In truth, we were just looking at his credentials, limited experience, and lack of military service, which is how you are supposed to vote for a president. However, I would have gladly voted for Colin Powell, but he has stated he will not run. I think he would have made a brilliant president, and I am a white southern gal.
  • by Anonymous Location: Me on Apr 12, 2010 at 09:25 AM
    You know! I really dont put the blame on people who are NOT Christian because its expected,BUT for people who call themselves Christian and dont vote Values(making sure the person is a Godly person,Pro Life) Those are the people who are to blame for the condition USA is in. Next time i hope you (Christians) vote values.
  • by US citizen for now Location: Washington on Apr 12, 2010 at 09:19 AM
    It's obvious and at the same time wonderful that the majority in America see what this administration with their criminal traitor friends in DC are up to. Where's Lavon, Databoy & Barlow? Let's keep fighting the good fight for what's right. America doesn't want your socialist/marxist "change" Obama!!! The evidence is clear, you're destroying America!!!
  • by concerned on Apr 12, 2010 at 08:56 AM
    Wherever the tree falls, there it shall be. A Nation that turns against God is without Gods protection,also will be abased.Hopefully we see our mistake.We were MORE concerned of the ECONOMY than VALUES but hopefully we learned from our mistake.
  • by Kay on Apr 12, 2010 at 07:55 AM
    What did people expect. This so-called president is running us into the ground. Weakening us in the eyes of other countries, offending our allies, health care atrocity, bailouts, etc., and more of his extravageant spending on the way. What are the people suppose to do? Well I for one will vote and hope that Americans have had enough and put this imbecile out of office.
  • by Tyrone Location: Greenville on Apr 12, 2010 at 07:19 AM
    The best thing that this administration could do would be to lower taxes on businesses and encourage people to buy american. However, by the time they are finished redistributing the wealth there will be no businesses left.
  • by Obama Snake Oil Co Location: Washington on Apr 12, 2010 at 07:05 AM
    Stan, this is just some of that hopey changey stuff...I hope they change the parties in November, I cannot afford any more change.
  • by Anonymous on Apr 12, 2010 at 07:05 AM
    "home values, will stay shaky well into 2011" Not if you live in Beaufort County. Tax official say property has increased by 33 to 1000% in the re-evaluation. Probably the only place in the country where property values have increased.
  • by concerned on Apr 12, 2010 at 06:55 AM
    The only recovery we will se is when we put God back in our schools and public buildings and allow Christians to preach the TRUTH without worrying about harrassment from the government and bring Christmes back in public places
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