Consensus Economist Estimates Don't Suggest a Recession

Includes: DIA, IEF, IVV, SPY
by: Bespoke Investment Group

Bloomberg released its most recent survey of 66 economists on a number of economic indicators last week. Below we highlight the consensus estimates along with where they stood last month.

As shown, while 4th quarter '07 GDP estimates went higher, all quarters in 2008 were lowered. Consensus estimates still aren't pointing towards a recession however. Employment rate and CPI estimates ticked slightly higher in the past month, while Fed Funds Rate estimates ticked lower.

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