Peter Orszag, Optimist

I wasn’t too surprised to learn that Ben Bernanke is an optimist. But Peter Orszag too? The director of the CBO always seems pretty downbeat to me. Yet today, releasing an updated economic forecast, he says that "CBO’s projections do not show the slowdown in economic growth becoming severe enough to meet the economic definition of recession". In fact, he projects 1.9% growth in real GDP this year.
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Original Source

  15 February, 2008| Economy | @ 21:43

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