Leading economic indicators rose .2% in September, signaling only modest economic growth.
Leading economic indicators rose .2% in September, signaling only modest economic growth.
Economists predict an annual growth rate of roughly 2 percent in the second half of this year. While that would be an improvement from the first half of the year, it’s not strong enough to significantly lower the unemployment rate, which has been near 9 percent for more than two years.
Ken Goldstein, an economist at the Conference Board, said that the September reading on the leading index pointed to soft economic conditions remaining in place through the end of this year.
He said the probability of a recession starting over the next few months remained at a very high 50 percent.
Read more at OregonLive.com.
{biztweet}economic indicators{/biztweet}
