Economists Brian Wesbur and Robert Stein think we'll see 4% GDP growth in H2. Contributing...

|By:, SA News Editor

Economists Brian Wesbur and Robert Stein think we'll see 4% GDP growth in H2. Contributing factors: a slow in inventory reduction; declines in the trade deficit; a homebuilding bottom; massive gov't spending; and a modest rise in consumer spending. "For the consensus forecast to remain at 2% real GDP growth, there must be some very, very pessimistic assumptions out there. We wonder what they are."