Outlook Muddled as Economy Begins Long Climb Toward Recovery
Analysts and economists are struggling mightily with their forecasts and it’s tough to conclude that current outlooks are anything more than educated guesses. This is abundantly clear when looking at the quarter-by-quarter GDP forecasts and the range of outlooks. The degree of volatility and uncertainty in economic forecasts is unprecedented…like so much of what’s happened in the last few months. The one thing all of these forecasts seem to indicate is that the worst has passed, but exactly how the recovery plays out in the coming months is anybody’s guess.