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Who leads the "rich world" recovery?

LONDON (Reuters) – The United States will lead the rich world's economic recovery over the next two years while Japan and major European economies flounder by comparison, according to Reuters polls of more than 200 economists.

Backed by strong retail sales that rose for the fifth straight month in November, the poll showed expectations U.S. consumers will step up demand, prompting a wave of upgraded forecasts for economic growth there.

By contrast, economists kept a somber growth outlook for the euro zone and Britain, both in fiscal retreat, while in Japan they predicted a brief and sharp contraction in the current quarter followed by modest growth thereafter.

Answer Question
 
sweet-a-kins

Asked by sweet-a-kins at 3:43 PM on Dec. 15, 2010 in Politics & Current Events

Level 34 (67,502 Credits)
Answers (8)
  • Three months ago the key issue for markets was whether the softness in economic activity was temporary or a sign of something more concerning," said Barclays' Head of Research Larry Kantor in a research note.


    "The vast majority of recent data readings, however, have made it clear that it was no more than a pause -- one that signaled a transition from the initial inventory and stimulus-led surge in growth to a more sustainable, but still solid, expansion."


    The Reuters survey showed U.S. gross domestic product growth averaging 2.7 percent next year, up markedly from the 2.3 percent seen in the November poll. Analysts expect the economy to pick up steam in each quarter through to the end of 2011.

    sweet-a-kins

    Comment by sweet-a-kins (original poster) at 3:43 PM on Dec. 15, 2010

  • sweet-a-kins

    Comment by sweet-a-kins (original poster) at 3:43 PM on Dec. 15, 2010

  • Did they include Ireland's bailout in this projection? If not it's going to be worse for them then this because Ireland's going to have to put it's national interest rate on businesses which could force some of them to relocate.
    BlueCollarMama

    Answer by BlueCollarMama at 4:55 PM on Dec. 15, 2010

  • Among reasons economists gave for upgrades to their U.S. forecasts was the extension of tax cuts originally implemented by former president George W. Bush,

    hmmmm
    Carpy

    Answer by Carpy at 5:13 PM on Dec. 15, 2010

  • Carpy..I find it funny you left off the rest of that statement


    as well a renewal of emergency jobless benefits and a 2 percentage point reduction in the payroll tax.

    sweet-a-kins

    Comment by sweet-a-kins (original poster) at 5:30 PM on Dec. 15, 2010

  • as well a renewal of emergency jobless benefits and a 2 percentage point reduction in the payroll tax.

    Nothing funny about that. I do not agree with your pal idiot Nancy that UEI is the best economic stimulus but I support both of them. It was YOU and your progressive cronies that are against the tax cuts, hence, why I copied that.
    Carpy

    Answer by Carpy at 6:09 PM on Dec. 15, 2010

  • Fat chance
    itsmesteph11

    Answer by itsmesteph11 at 7:05 PM on Dec. 15, 2010

  •  

    as well a renewal of emergency jobless benefits and a 2 percentage point reduction in the payroll tax.

    Nothing funny about that. I do not agree with your pal idiot Nancy that UEI is the best economic stimulus but I support both of them. It was YOU and your progressive cronies that are against the tax cuts, hence, why I copied that.

    You agree with the first half of what economists say is helping and you CUT the sentence midway! lol....THAT was part of teh reason the economists gave the upgrade!! lol

    sweet-a-kins

    Comment by sweet-a-kins (original poster) at 7:12 PM on Dec. 15, 2010

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