Survey suggests longer, deeper recession in U.S. than expected

11/11/2008 | MarketWatch

A survey of 49 economist by Blue Chip Economic Indicators points to contracting GDP in the U.S. well into 2009, with Britain and Japan also experiencing deep recessions. The economists' median forecast calls for U.S. GDP to fall by 2.8% in the final three months of 2008 and by 1.5% in the first quarter of 2009. They expect feeble a GDP growth of 0.2% in the second quarter next year.

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