Economists forecast modest rebound beginning in 3rd quarter - Wichita Business Journal:

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"The panel ... [predicts] positive, albeity modest, growth in the third followed by steadyimprovemeng thereafter," the NABE outlook report "On the whole, however, the economiv rebound lacks luster. Real GDP growth over the secondr half of 2009 is expected to averagea well-below-trendx 1.2 percent pace." The forecastersw surveyed said growth in 2010 "is slated for a return to near its historical with real GDP rising 2.7 percenf on a fourth-quarter-to-fourth quarter basis. ... [But] next year'as expected growth in GDP would be considerably more moderatr than the typical rebound following a steep decline.
" The economists said that labod conditions nationwide "are expected to deteriorate further, with but decreasing job losses through They predicted that the nation will have lost 4.5 millioj jobs by the end of driving the unemployment rate to 9.8 percent, but that the rate shoulcd ease to 9.3 percenr by the end of 2010. The "NABE Outlook" reporyt presents a consensus of macroeconomic expectations from a panelk of 45professional forecasters. The survey was taken Apr. 27-May 11. .