{"id":687287,"date":"2010-03-10T05:01:00","date_gmt":"2010-03-10T10:01:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/economists-slash-us-gdp-growth-post-stimulus-2010-3"},"modified":"2010-03-10T05:01:00","modified_gmt":"2010-03-10T10:01:00","slug":"economists-slash-americas-post-stimulus-gdp-growth","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/687287","title":{"rendered":"Economists Slash America’s Post-Stimulus GDP Growth"},"content":{"rendered":"

\"barack<\/p>\n

Economist surveyed by Blue Chip Economic Indicators have cut their U.S. 2011 GDP forecasts to 3%, down from 3.1% previously.<\/p>\n

Yet government stimulus is causing them to hike forecasts for this year. Economists from the survey now expect 3.1% GDP growth for 2010.<\/p>\n

Reuters:<\/a><\/p>\n

The consensus also expects inventories to continue adding to GDP over the next several quarters but see the size of those contributions become increasingly smaller.<\/p>\n

“By Q1 2011, the contribution to GDP from business inventories is expected to become trivial,” the survey said.<\/p>\n

Thing is, 3% GDP growth isn’t all that bad considering what the U.S. has gone through. If these forecasts prove correct, we’ll take the 3% growth and be happy. We bet markets would be as well. Especially if 2012 can deliver another 3%, since medium term U.S. growth is a key uncertainty right now. Read more here ><\/a><\/p>\n

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