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NABE Outlook: Growth Projections Marked Down – Higher Unemployment and Lower Inflation

Summary: “NABE [National Association for Business Economics] panelists trimmed their projections on economic growth; those projections now remain sub-par through year-end. Real GDP will accelerate gradually during 2011, but remain moderate for the whole of next year. “This summer’s slowdown has exposed the economy’s sensitivity to wealth losses, the unwinding of debt, and the reductions in economic stimulus,” said NABE President-elect Richard Wobbekind, associate dean of the Leeds School of Business at the University of Colorado-Boulder. “Confidence in the expansion’s durability is intact, but recent economic weakness has prompted many panelists to scale back expectations for the year ahead.”

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