Shape Shifters: Top Economists Adjust Their Predictions for 2011
While some made minor revisions, each is essentially sticking by what he
said. What makes that particularly interesting is that now, as then, the predictions about the fate of the economy vary wildly. The intervening nine months have done virtually nothing to create a convergence of opinion, which calls to mind the George Bernard Shaw aphorism: “If all economists were laid end to end, they would not reach a conclusion.”
‘Vary wildly’ is accurate. As you read these, you will note sentiments ranging from ‘early next year will be even worse” to ‘recovery but things are getting better.’
This article is an adjustment/update to CFO’s original (and incredibly popular) article called The Shape of Things to Come, published in March of this year. I recommend reading both, starting with the original one first.
In your business, what are you seeing? Are things picking up, or do you see more dark clouds on the horizon? Love to hear your thoughts and reasoning in the comments. Please let us know!
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