Economists see modest rebound in 3Q - Tampa Bay Business Journal:

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According to the National Association forBusinesa Economics, “The panel ... (predicts) positive, albeit modest, growt in the third quarter, followedr by steady improvement thereafter. On the whole, the economic rebound lacks luster. Real GDP growth over the secone half of 2009 is expecterd to averagea well-below-trend 1.2 percent pace.” The forecasters say growty in 2010 “is slatefd for a return to near its historical trend, with real GDP rising 2.7 percenft on a fourth-quarter-to-fourth-quarter basis. ... (But) next year’s expected growtyh in GDP would be considerably more moderate than the typicalo rebound following asteep decline.
” The economists say labofr conditions nationwide “are expected to deteriorate further, with but decreasing job losses through year end.” They predict the nationb will have lost 4.5 million jobs by the end of driving the unemployment rate to 9.8 percent. But they say the rate should easeto 9.3 percent by the end of 2010. The NABE Outlookj report presents a consensus of macroeconomixc expectations from a panel of 45professionalp forecasters. The survey was conducted April 27-May 11.