Economic
Commentaries
The key features of Goldman Sachs
2011
outlook:
(1)
a strengthening in economic growth from 2.1% on average in 2010 to
2.4% in 2011,
with
real GDP rising at an above-potential 3½% pace in late
2011;
(2)
a peaking in unemployment in mid-2011 at about 10¾%;
(3)
extremely low inflation – close to zero on a core basis during
2011; and
(4)
a continuation of the Fed’s (near) zero interest rate policy (ZIRP)
throughout 2011.
reported by
James
Pethokoukis in his Reuters
Blog (Winter 2009)