No double dip, but jobless rate likely to remain high, msnbc.com panel says
The U.S. economy is definitely on the mend. But it's got a long way to go to repair the damage from the worst financial collapse since the Great Depression.
That’s the view, at least, of a majority of economists surveyed in msnbc.com’s annual Economic Roundtable.
In just the past month, many forecasters have boosted their outlook for next year, based on a series of positive economic reports. Retailers are reporting a better than expected shoppingholiday season. Manufacturers are seeing a pickup in production. And private sector job growth — though still very sluggish — has picked up from the first half of the year
"All of this suggests that businesses and consumer are feeling more confident about the recovery and less worried about a double dip," said Nariman Behravesh, chief economist for IHS Global Insight.
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