Monday, January 04, 2010

American Economic Association: chances are slim for U.S. growth

U.S. growth prospects deemed bleak in new decade
Pedro Nicolaci da Costa
ATLANTA

Sun Jan 3, 2010 6:55pm ESTATLANTA (Reuters) - A dismal job market, a crippled real estate sector and hobbled banks will keep a lid on U.S. economic growth over the coming decade, some of the nation's leading economists said on Sunday.

U.S.

Speaking at American Economic Association's mammoth yearly gathering, experts from a range of political leanings were in surprising agreement when it came to the chances for a robust and sustained expansion:

They are slim.
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