Technology Slice Blog

What Economists got Right 2010 - Mainstream economic forecasters totally misjudged the collapse of the credit bubble in 2007 and the ensuing Great Recession, but when it came time to predict the recovery, they got it right. Here’s what I wrote a year ago in a preview of the 2010 economy: “The U.S. economy is limping — not sprinting — out of the Great Recession of 2008 and 2009. “While the economy is likely to grow at a steady but unspectacular 3% pace in 2010, the prospects for significant job growth are dim and the unemployment rate could still be in the 10% neighborhood at this time next year, economists say.” Read my 2010 outlook story. That’s exactly what happened. Source: http://www.marketwatch.com/story/economists-nailed-the-2010-forecast-2010-12-29 What Economists got Right 2010