The table below is from the Wells Fargo Securities Economic Group's December 8, 2010 Annual Economic Outlook 2011. They have second half 2011 real GDP rates growing to near 4 percent. Click to enlarge.
|David Greenlaw and Richard Berner|
Dr. David Krause, AIM program director said, "We've been seeing stronger macro-economic data the past 6 weeks or so. It now appears that 2011 forecasts are being upped by leading economists to reflect what we have been seeing on the ground - increased consumer optimism and business spending. While the GDP numbers will look better and better, I still believe that employment will lag. With QE2 and President Obama's proposed tax rate concession and payroll tax reduction, I think more economists are going to have to acknowledge that 2011 will be much better than expected."