GDP Growth in 2011 and 2012 (user search)
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  GDP Growth in 2011 and 2012 (search mode)
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Author Topic: GDP Growth in 2011 and 2012  (Read 937 times)
Skill and Chance
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« on: September 25, 2010, 10:14:50 PM »
One of these two scenarios:

2011: 6.3%, 2012: 8.2%

Or

2011: -0.2%, 2012: -3.5%

 
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Skill and Chance
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« Reply #1 on: September 26, 2010, 09:57:31 AM »
Quote from: Mr.Phips on September 25, 2010, 11:10:14 PM
Quote from: Skill and Chance on September 25, 2010, 10:14:50 PM
One of these two scenarios:

2011: 6.3%, 2012: 8.2%

Or

2011: -0.2%, 2012: -3.5%

 

My 2012 estimate might be bordering on unreasonable, but the general theme is that I am going for a subdued version of 1934-36 in my optimistic prediction.  The recovery would include a period that is basically the inverse of 9/2008-9/2009 in employment statistics. 

The pessimistic prediction assumes a double-dip recession, of 1937-38 proportions.  Conditions in 2012 would be worse than any in living memory if this happened. 

That certainly explains your unemployment predictions.
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