Sun January 1, 2012
Will The Global Economy Improve In 2012?
What's the economic prognosis for 2012?
"It's kind of a meh, it's a B minus," says Annie Lowrey, an Economic Policy Reporter for The New York Times. "It's not going to be very good, but it's also not going to be very bad."
Lowrey says that most of the trends we saw at the end of 2011 will continue into 2012. The unemployment rate is high, but improving. And economists are excited about the housing market, because the low cost of housing has started a house-building mini-boom.
As for Europe, the weak banks over there will continue to have problems. And any problems with them will result in problems for us. But, there's nothing that we can do about it over here.
The good news? Nobody is worried about a double dip recession.