{"id":185403,"date":"2010-01-15T10:40:22","date_gmt":"2010-01-15T15:40:22","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/01\/15\/bank-economists-expect-slow-growth-high-unemployment\/"},"modified":"2010-01-15T10:40:22","modified_gmt":"2010-01-15T15:40:22","slug":"bank-economists-expect-slow-growth-high-unemployment","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/185403","title":{"rendered":"Bank Economists Expect Slow Growth, High Unemployment"},"content":{"rendered":"

The U.S. economy will recover this year, but growth won’t be strong enough to bring down unemployment substantially, bank economists said Friday.<\/p>\n

The American Bankers Association<\/strong> said in a statement the consensus of bank economists is for an annualized GDP growth rate of around 3.1% throughout 2010. They see core inflation, which excludes volatile food and energy prices and is closely watched by the Federal Reserve Board, at 1.2%.<\/p>\n

“This growth would be just above the economy’s long-term trend, but not enough to reduce the unemployment rate much below 10% by year end,” the group said.<\/p>\n

The U.S. economy is emerging from its worst recession in decades. The jobless rate held at 10% in December 2009 as employers cut more jobs than expected. Bank economists expect low inflation will allow the Federal Reserve<\/strong> to hold short-term rates at a record low near zero during the first half of this year.<\/p>\n

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The U.S. economy will recover this year, but growth won’t be strong enough to bring down unemployment substantially, bank economists said Friday. The American Bankers Association said in a statement the consensus of bank economists is for an annualized GDP growth rate of around 3.1% throughout 2010. They see core inflation, which excludes volatile food […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-185403","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/185403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=185403"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/185403\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=185403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=185403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=185403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}