Business Economists see modest growth and high unemployment but no recession in 2012

WH Post Source

The U.S. economy will muddle through the next year without a recession, but growth will be too weak to make much of a dent in the unemployment rate, forecasters believe.

Both estimates were a slight 0.1 percentage point higher than the group’s September forecast but would still leave the economy growing far below the pace needed to significantly lower the high unemployment rate of 9 percent.

Source bloomberg

The U.S. economy will grow more than previously estimated through 2012, with little chance of another recession, led by gains in business investment and commercial construction, a survey showed.

Right the Business Economists see no recession in 2012? the same Business Economists who stated in 2007 that there wont be a recession in 2007/2008.

Oh yes i am qutie sure there wont be a recession for these Economists & elites but for the rest of us we already are in a recession funny they dont mention about the rising prices of everyday items and the rising prices of food.

Meanwhile China says that they see a Global recession
Aus Post
Chinese leader warns of long global recession
I would rather agree with the Chinese leader then same paid self lying Economists.

The high numbers of unemployed may well see it as a recession.

Well maybe if they stop sending all the jobs overseas then it would drop...

Why are we not taxing companies who send away our jobs? There should be hard fines so that they keep the jobs here. I'm sick of calling India for customer service. I understand that jobs are needed over there too, but not if unemployment is a major issue here. It's not like companies don't get enough tax breaks as it is, so if we make it more beneficial and profitable for them to remain in the states then there would be no reason to leave.

I think it's down right unpatriotic to send away jobs when people are struggling so bad, living day to day and trying to raise their family. It's hard to remain positive when the odds are stacked up in the corporations favor at every turn. I mean we are practically begging them to leave by letting them avoid taxes by doing so. I think every company that does business in the states should have to pay a tax no matter where their HQ is located...

But that's just me...

Economists are idiots.

Second line.

They also said Japan would have recovered by June 2009.

Time after time these business "economists" try to pull the wool over everyones eyes.
Bet they were the ones who said "we didn't see it coming" in 2008.

Technically you will see no recession in a fiat inflating market. Its all roses. But take a look outside and you will see a different story.

No recession is posted all over the news so the good little sheeple will keep buying products.

"Business Economists see modest growth and high unemployment but no recession in 2012"

Wake up everybody

This is a recession !

WHO do they think they're talking to anyway ?

Well I think what they are talking about is a technical reccession.
Which is two consecutive quarters of negative growth.

It is very hard to see a recession as two consecutive quarters, because, Q2 is tourist season and Q4 is Holidays.
Because of the way the system is set up, it is very hard acheive a recession, in technicality.

Although, the economy is down, as anyone knows who even turns on a business channel.
I think inflationary growth will be increasing until election time.

Then whoever gets elected, will be the hero who lowers infaltion. Obviously creating money flow.
I mean everyone is calling for cuts, but i think you do have to throw some money at infrastructure to create jobs as well.

Infrastructure is always the best way to keep an economy going in tough times. it creates tonnes of jobs, and produces things that are needed.