9.12.08

Plosser Sees Recovery Unlikely Until Late 2009

Federal Reserve Bank of Philadelphia President Charles Plosser said “economic growth will continue to be weak over the next several quarters before improving in the latter part of 2009 and then returning to near-trend growth in 2010 and 2011.”
http://blogs.wsj.com/economics/2008/12/02/plosser-sees-recovery-unlikely-until-late-2009/

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