PMMI: Sustained, Slower Growth Forecasted in 2011
ARLINGTON, Va.—The current economic recovery is sustainable, according to PMMI’s Fourth Quarter 2010 Economic Outlook. And although the report predicts the rate of recovery to slow noticeably in the coming year, expectations are that growth will continue.
The report notes that leading macroeconomic indicators all suggest ongoing recovery through the remainder of 2010 and 2011. There are signs of slower growth next year, most notably from the U.S. Leading Indicator and the Purchasing Mangers Index, but there is no clear evidence to support a double-dip recession, the report says.