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Economists still pessimistic about ‘09

Published Thursday, January 29, 2009

According to the National Association for Business Economics (NABE) January 2009 Industry Survey, more than half of the survey’s respondents expect real GDP to fall at least one percent in 2009. This reflects how economists have become increasingly pessimistic about the macroeconomic outlook for the year. “NABE’s January 2009 Industry Survey depicts the worst business conditions since the survey began in 1982, confirming that the U.S. recession deepened in the fourth quarter of 2008,” said Sara Johnson, IHS Global Insight. “The survey’s measure of demand fell to its lowest level in the history ...

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