Grim 2012 Economic Outlook

December 30th, 2011

by Stephen Lendman

Yearend isn't just about holiday season binge shopping, parties, and over-indulgence. It's also when economic predictions surface.

The Wall Street Journal publishes consensus views. On December 23, it headlined, "Risks Cloud Outlook for Economy in 2012," saying:

"The economy is poised for another year of muddling through. Most private economists forecast a modest 2% growth rate for the US....with a pace subdued by housing woes, a lackluster job market, and cuts by government."

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