Wednesday, March 25, 2009

FW: Inman AM: UCLA forecast: 'Tepid recovery' in 2010

 

 

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From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Wednesday, March 25, 2009 6:59 AM
To: mark@itsyoursale.com
Subject: Inman AM: UCLA forecast: 'Tepid recovery' in 2010

 

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Wednesday, March 25, 2009

UCLA forecast: 'Tepid recovery' in 2010
This recession will be the longest and most damaging of the postwar era, according to the latest forecast report from University of California, Los Angeles, spanning an estimated 19-24 months and building to a U.S. unemployment rate of 10.5 percent in mid-2010.

In "The Global Slump," one of the economic reports featured in the UCLA Anderson Forecast, senior economist David Shulman states that most of the "contractionary forces" on the economy "will have been spent" by the close of 2009. ... CONTINUED

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