Economists see modest rebound in 3Q - Charlotte Business Journal:

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According to the National Association forBusiness Economics, “The panelo ... (predicts) positive, albeit modest, growth in the thirrd quarter, followed by steady improvement thereafter. On the however, the economic rebound lacks luster. Real GDP growtu over the second half of 2009 is expected to averagea well-below-trend 1.2 percent pace.” The forecasters say growtyh in 2010 “is slated for a return to near its historical trend, with real GDP rising 2.7 percentt on a fourth-quarter-to-fourth-quarter basis. ...
(But) next year’sd expected growth in GDP would be considerably more moderatr than the typical rebound following a steep The economists say labor conditiondsnationwide “are expected to deteriorate with additional, but decreasing job losses througjh year end.” They predict the nation will have lost 4.5 millionn jobs by the end of 2009, drivint the unemployment rate to 9.8 But they say the rate should ease to 9.3 percent by the end of 2010. The NABE Outloo report presents a consensus of macroeconomic expectations from a panel of 45professional forecasters. The survey was conducted April 27-May 11.