Tags: economy | recovery | housing | lag

Experts See Recovery Momentum Despite Housing Lag

Friday, 14 Jan 2011 01:23 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The bleak housing market won’t stop the U.S. economy from growing this year and adding jobs at a higher rate than in 2010, experts tell The Wall Street Journal. A Journal survey of 56 economists found them “increasingly optimistic about the pace of the recovery.”

Economy, recovery, Wall Street Journal, housingAs a group, they said home prices probably will decline, despite earlier predictions of a modest turnaround in 2011. Even so, they predicted that the U.S. economy will grow by more than 3.2 percent in each quarter and will add 180,000 jobs a month — almost double the job creation of 2010 and enough to make a small dent in the unemployment rate.

"The U.S. economy appears to have successfully navigated the adjustment from a recovery driven primarily from economic stimulus and inventory rebuilding to one driven by private domestic demand and rising exports," said economists at Wells Fargo & Co. "Three percent growth looks pretty good, particularly with housing stuck in low gear."

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Gallup Poll: Most Full-Time Workers Put in More Than 40 Hours

Saturday, 30 Aug 2014 21:32 PM

The 40-hour work week is usually regarded as the standard for full-timers, but many adults are working 47 hours or more  . . .

Obama Attends Wedding of Longtime Personal Chef

Saturday, 30 Aug 2014 20:16 PM

President Barack Obama set aside the pressures of the world's trouble spots on Saturday to assume the role of spectator  . . .

Bill Clinton to Speak at Miami Rally for Charlie Crist

Saturday, 30 Aug 2014 19:48 PM

Former President Bill Clinton will be the keynote speaker at a rally in Miami Friday for Democrat gubernatorial candidat . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved