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Economy - Thursday (Investor's Business Daily)

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07-11-2008, 05:48 PM

Gurmastak Singh Gurmastak Singh is offline

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Join Date: Feb 2007

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Economy - Thursday (Investor's Business Daily)

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Investor's Business Daily - The Blue Chip Economic Indicators survey found that 55% of economists polled say the U.S. will enter into a recession this year or already has due to higher energy prices, a weakening labor market and falling stock prices. That's up from 47% in the prior month. Respondents raised their Q2 GDP growth estimates to 1.2% from 0.4% due to tax rebate checks. But the outlook has worsened. Rising inflation risks will spur the Fed to hike rates, perhaps this fall, the survey found.

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