InfoAnda - Economists see longest U.S. recession since World War Two

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Pentagon eyes more "humane" enforcement of gay ban | 24 March 2010
NATO leaders seek common path out of Afghanistan | | 20 May 2012
Pakistani stocks, o/n rates end up; rupee flat | 27 July 2010

Swine flu in Vietnam forces school's closure | 20 July 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Economists see longest U.S. recession since World War Two

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Economists see longest U.S. recession since World War Two Reuters - 2 hours 32 minutes ago By Emily Kaiser WASHINGTON - The U.S. recession will probably be the longest since World War Two and could worsen without heavy government spending, according to a closely-watched survey of economists released on Saturday. The Blue Chip Economic Indicators poll of 52 economists from top financial firms, major companies and academia found that most expected a tepid recovery to begin later this year, with growth returning to more normal levels in 2010. A majority of those polled thought the recession would officially end in the third quarter of 2009, which would make this the longest downturn since World War Two. However, more than half of respondents thought unemployment would peak no earlier than 2010, suggesting that economic pain may linger long after the recession is technically over. For 2009, the consensus view was that real gross domestic product would fall 1.6 percent, gloomier than the previous month's forecast for a 1.1 percent decline. A drop of that magnitude would be the worst yearly performance since 1982. Merrill Lynch held the most pessimistic view, predicting a 2.8 percent decline, while Fedex Corp was the most optimistic of the bunch, forecasting just a 0.2 percent dip. "Much likely will depend on the relative success or failure of ongoing and prospective stimulus measures applied by government," Blue Chip's monthly newsletter said, adding that absent a stimulus package, "prospects would be much darker." The consensus opinion was that the stimulus plan would total $778 billion, with estimates ranging from $635 billion to $900 billion. President-elect Barack Obama has encountered some resistance in Congress, but a large spending package is widely expected to be approved next month. The economists seemed to conclude that government efforts to push down mortgage rates may stall. On average, they expected rates on 30-year conventional mortgages at 5.1 percent at the end of 2009, roughly where they are now. They forecast that the consumer price index would fall 0.4 percent this year, which would mark the first year-over-year decrease since 1955 and no doubt deepen investors' worries about deflation. The panellists were split on the outlook for the U.S. dollar, which some economists have warned may be headed for a steep slide this year as the U.S. deficit soars and the Treasury Department issues a record amount of debt. Nearly 48 percent thought the trade-weighted value of the dollar would end 2009 higher than its current level. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: World Palestinian minister warns of 'disrespect' in GazaAP - 35 minutes ago Iraq insists reporters agree to code of conductAP - 36 minutes ago Gaza war rages on as Israel and Hamas defy U.N. callReuters - 53 minutes ago US Supreme Court to address Iraq immunityAFP - 1 hour 11 minutes ago CDC director is out, government e-mail saysAP - 1 hour 37 minutes ago Most Popular – World Viewed Citigroup: 2-billion-dollar exposure to LyondellBasell Is Tintin gay? Cartoon birthday boy dogged by rumours Half the planet could be hit by food crisis by 2100: study Marks & Spencer to axe 1,230 jobs and close 27 stores Finance fights sex for Aussie dictionary honour View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Saturday, 10 January 2009
Analysis: Israel, Hamas take tough line on truce
Russian gas stays off amid wrangling
CES: 100 high-def movies on a stamp-sized chip?
Madrid airport closed as Europe seized by frigid weather
Actor Don Galloway Dies Of Stroke At 71
Israel rebuffs U.N. ceasefire calls
Dell shows ultra-thin laptop, 10-inch netbook at CES
"The Real Housewives Of Atlanta" Star Sheree Whitfied Appeals To Add Alimony To Divorce Settlement
Palm shares surge after new phone impresses at CES
US unemployment surges to 7.2 pct, 524,000 jobs lost
Israel, Hamas defy UN call for cease-fire in Gaza
Peru moves Berenson to Lima jail for pregnancy care | International |
U.S. pledges cash to help restore damaged Babylon
U.S. health information technology falls short-report
Liberian warlord's son gets 97 years in U.S. prison | International |
Blasts kill three US soldiers, six Afghans
Iraq PM warns police against politicizing
New Palm Pre sends stock price soaring
Obama: US economy 'dire' as 524,000 jobs lost
Skype brings free, cheaper calls to mobiles
New Web-based US news service has global ambitions
German computer geeks learn to flirt
Stevie Wonder looking for gadgets for the blind
Dell shows ultra-thin laptop, 10-inch netbook at CES
CES: 100 high-def movies on a stamp-sized chip? | Technology |
Dell shows ultra-thin laptop, 10-inch netbook at CES | Technology |
U.S. health information technology falls short-report | Technology |
Skype brings free, cheaper calls to mobiles
Palm shares surge after new phone impresses at CES | Technology |
German computer geeks learn to flirt | Technology |
US concerned by Gaza situation
Honduran guard fires gun at US drug aid ceremony
Illinois lawmakers impeach corruption-tainted governor
Obama's new spy chiefs to break with Bush years
Series of small bombs strikes eastern Pakistan
Economic crunch to affect NATO Afghan ops
Small bombs rock east Pakistan city, no casualties
Iran a threat, US should consider diplomacy: Obama
Electrical fire in generator room leads to 2—hr blackout in Jurong West
Blasts rock eastern Pakistan, casualties unknown
Repairs begin at China's quake-hit panda center
Sri Lanka captures key rebel base at Elephant Pass
Two Singaporeans suspected of working for drug syndicate arrested
Survey shows 3 in 10 expect to retire at age 65 or older
Iowa Engine Machine Valve Plant Losing 20% Of Its Jobs
Small Spill From Waste Pond At TVA Coal-Burning Power Plant In AL
Biden says US committed to help Pakistan fight terror: govt
Blasts rock east Pakistan, casualties unknown
IL House Votes Overwhelmingly To Impeach Gov. Blagojevich
Employment Worsens In 2008 Since World War II, Driving Jobless Rate Up 7.2%
Families USA: Unemployed Workers Become Uninsured Because COBRA Premiums Unaffordable On Unemployment Compensation
Teamster Union Employees At YRC Agree To 10% Wage Cut In Exchange For 15% Ownership Stake In Trucking Company
Tickets For Obama Inaugural Parade Go On Sale Friday
Prosecutors Say Informant Fingered Ex-Mobster In Execution Death Of Man Who Accidentally Killed Mobsters Son
Motown turns 50, proud of musical, social legacy | Entertainment |
60 Minutes unveils special edition DVD on Obama | Entertainment |
Actor Ryan O'Neal pleads guilty to drug charge | Entertainment |
Ex-Sopranos actor sentenced to 10 years | Entertainment |
Indian government boots out directors of fraud-hit IT firm
Former Satyam chairman, managing director arrested
Panasonic to cut TV factory investment
China moves to bail out aviation industry amid global crisis
Japan's Asahi says cheers to cheap beer
Three-day oil sector strike in India ends
Indian inflation at 10-month low
Nissan slows project in India
Indian oil workers end crippling fuel strike: report
EA Shows Off 'Sims 3' At CES In Las Vegas
Sony Shows Off Internet-Ready HD TVs, Ultra Light Laptop And More At CES
Actor Ryan O'Neal pleads guilty to drug charge
Ex-Sopranos actor sentenced to 10 years
Actor Matt Dillon arrested for speeding in Vermont
Patrick Swayze checks himself into hospital
Star-studded Golden Globes launches Oscar countdown
Ryan O'Neal pleads guilty to drug charge
US-ENTERTAINMENT Summary
Actor Ryan O'Neal pleads guilty to drug charge
Depp, Diddy, Sting among Golden Globes presenters
US wrestling group loses economic smackdown, cuts jobs
"60 Minutes" unveils special edition DVD on Obama
Ex-Sopranos actor sentenced to 10 years
Asterix the Gaul to outlive his creator
Unmarried French Minister Gives Birth At 43, Attends Cabinet Meeting 5 Days After Caesarian Delivery
Israel, Hamas press on with Gaza war | International |
Defiant Israel presses Gaza offensive as toll passes 800
New games powered by brain waves
Polaroid reinvents itself with instant digital camera
Tourists evacuated after fatal Costa Rica quake | International |
Polaroid reinvents itself with instant digital camera
Blagojevich Blames House, Vows To Fight On During Press Conference
Top Cambodian KRouge trial officials to be investigated for graft
China: 60 arrested in tainted milk scandal in 2008
US-ENTERTAINMENT Summary
Actor Patrick Swayze hospitalized for pneumonia | Entertainment |
Michael C. Hall marries his "Dexter" sister
Winnie-the-Pooh in comeback after 83 years | Entertainment |
Ex-Sopranos actor sentenced to 10 years | Entertainment |
Michael C. Hall marries his "Dexter" sister
Michael C. Hall marries his Dexter sister | Entertainment |
Man made infamous by Bob Dylan folk song dies | Entertainment |
'Hee-Haw' comedy duo member Jon Hager dead at 67
Winnie-the-Pooh in comeback after 83 years
Judge rejects exhuming country singer for DNA test
Man made infamous by Bob Dylan folk song dies
Tiny memory cards come with outsized storage
Formals, face lifts, free stuff: It's Globes time
R. Kelly no longer trapped in marriage
T.I. show not part of community service
Palestinian minister warns of 'disrespect' in Gaza
US-TECH Summary
Iraq insists reporters agree to code of conduct
Tourists evacuated after fatal Costa Rica quake | International |
US Treasury slammed over handling of financial bailout
Warner Music adding social networking to websites
Intel unveils new generation of netbooks at CES
Lloyds's to pay US fine of 350 mln dlrs in sanctions probe
South Korea arrests officer for corruption in Iraq:defence ministry
Judge denies Polanski rape case defense bid
NVIDIA glasses make home computer screen 3D
Breaking News: Patrick Swayze Hospitalized With Pneumonia
Microsoft delays Windows 7 beta download
Greenpeace hands out green grades to electronics makers
Singapore tycoon gets kidney from hanged man | International |
How "green" are gadgets at CES?
Intel unveils new generation of netbooks at CES | Technology |
3D coming around again, in your home | Technology |
Microsoft delays Windows 7 beta download | Technology |
How green are gadgets at CES? | Technology |
Gunmen In Truck Opens Fire Outside Chicago High School, 5 Teens Wounded
Singapore tycoon gets kidney from hanged man-paper
SKorean army officer accused of bribery in Iraq
Chinese officials gambled away millions in public funds: reports
US Supreme Court to address Iraq immunity
Hollywood cuts back glitz at CES | Technology |
Singapore to ease ban on political films: minister
Economists see longest U.S. recession since World War Two
Two—hour blackout in parts of Jurong West
US faulted for poorly managing private security in Iraq
Warner Music adding social networking to websites | Technology |
Miami Judge Sentences Liberian Ex-Leader's Son To 97 Years In Prison
Four arrested in Cambodian bomb plot
ACLU protests force-feeding Guantanamo prisoners
U.S. Contractor In Afghanistan Faces Murder Charges For Revenge Killing
Flu-hit Jankovic pulls out of Hong Kong event
Apollo Group Posts 29 Percent Jump In Q1 Earnings
Thailand raises security for key by-elections
Wall Street Dips On High Unemployment Rate In December
Sectarian violence leaves 9 dead in Pakistan
U.S. Army recruiting at the mall with videogames | Technology |
Baltimore Mayor Who Used Gift Cards Intended For Poor Families Charged With Corruption
US VP-elect Biden in Afghanistan for talks
Ex-Liberian dictator's son sentenced to 97 years in US jail
Indian ministry dissolves Satyam board after fraud
Pakistani cenbank sells 17.5 bln rupees of T-bills
Taiwan dollar, stocks ease in slow weekend trade
US military deaths in Iraq war at 4,223
Fugitive filmmaker Polanski loses bid to move case | Entertainment |
3D coming around again, in your home | Entertainment |
Hollywood cuts back glitz at CES | Entertainment |
Hollywood cuts back glitz at CES
Ferrell says his Bush on Broadway will surprise
Golden Globes promise glamour and pizazz Sunday
Winter cycling cool in Quebec
3D coming around again, in your home
Judge rejects Polanski bid to disqualify LA courts
Hollywood cuts back glitz at CES
Fugitive filmmaker Polanski loses bid to move case
Somali pirates free Iranian-chartered ship
Putin says Europe gas crisis "worsening"
EU seeks to clear gas deal with Russia | International |
Biden in Afghanistan to meet leaders | International |
Israel battles Hamas into third week despite UN appeal
Biden in Afghanistan: US military
Biden in Afghanistan: US military
Somali pirates free Iranian-chartered ship | International |
India says not reached end of road on Mumbai attacks | International |
Saudi crown prince in Morocco after U.S. tests | International |
Obama says stimulus plan can add or save up to 4 million jobs
Paper: Singaporean gets kidney from hanged man
Biden meets top US military in Afghanistan
US VP-elect Biden in Afghanistan for talks
S’pore Slingers opponents won’t be playing in Challenge Series on Sun
Speak Mandarin Campaign launches workshops, seminars on Chinese wellness
Sentosa and WDA set up training course for jobless executives
US offers Georgia road map for deeper ties
Japan's Aso says grand coalition unlikely
Obama's new spy chiefs to break with Bush years
Chinese officials gamble away $3m in public funds
Senior Minister of State Zainul Abidin in India for investors’ summit
Thailand set for parliamentary poll
Sri Lanka army ready for 'decisive blow' on Tigers
Abu Dhabi's IPIC delays Pakistan refinery plans
Tony Shalhoub looks to life after 'Monk'
Sri Lanka forces push further into rebel territory
US VP-elect Biden in Afghanistan for talks
Pakistan extends house arrest of alleged militant
3rd Satyam executive in police custody after fraud
Sri Lanka pushes further into rebel territory
Obama Says Stimulus Plan Could Create 4 Million Jobs
Indian ministry dissolves Satyam board after fraud
GM Motors Selling "Heritage Collection" To Raise Much Needed Cash
Venus heads to Australia in buoyant mood
Report: SKorean blogger arrested
Azarenka downs Bartoli to win first WTA title
Angolan minister: Don't expect early OPEC meeting
India says not reached end of road on Mumbai attacks
3rd Satyam executive in police custody after fraud
Chief of fraud-hit Indian IT firm in prison
China denies exporting stolen railway technologies
Hide the hunny: British writer pens new Winnie-the-Pooh book
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01