Though the unemployment rate continues to rise, other indicators seem to be leveling off.
And the Wall Street Journal’s regular survey of economists has some relatively good news this week. The respondents say it’s possible the recession could be over by this fall.
But, according to WSJ: "The depth of the downturn means it will take years to eat up the slack created by the recession. Nearly half of the economists said it will take three to four years to close the output gap, while more than a quarter say it will take five to six years."
Veil of Pessimism Lifting from the Economy
Though the unemployment rate continues to rise, other indicators seem to be leveling off.
And the Wall Street Journal’s regular survey of economists has some relatively good news this week. The respondents say it’s possible the recession could be over by this fall.
But, according to WSJ: "The depth of the downturn means it will take years to eat up the slack created by the recession. Nearly half of the economists said it will take three to four years to close the output gap, while more than a quarter say it will take five to six years."
(Here’s <a target="_blank" ...
Share this article
- Filed In: Economic Trends, Free, Research & Analytics, Subscriber Only
About the Author
Lindsay Young
Lindsay Young is the president of 3 Aspens Media, a B2B content strategy and marketing content firm that works with distributors to translate their offline expertise – online. She has more than 20 years of experience leading and producing online and print content for publications and businesses. She leads a team of 12 writers, client success managers, designers, marketing specialists and strategists to produce content that helps companies translate their benefits to key decision-makers. She was previously the editor of Modern Distribution Management.
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
