USA Today Global Insight index shows 2.4% Real GDP growth in first half of 2010.

[JohnWxy]

(healthy Real growth after a (normal) recession: 3%)__Global Insight.

http://www.usatoday.com/money/economy/economic-outlook.htm


interesting interactive chart shows several business activity indicators.

[PSPS]

1. Not "shows." "Predicts."

I don't think this forecast will hold being that the indicators they use (3 month vs 12 month) have been heavily skewed with artificial value not related to the production of goods or services.

[JohnWxy]

2. I took the "shows" from the article. The index is of course a prediction since 2010 isn't here yet.

Unless, I've been asleep longer than I thought!

here is the quote:

"The USA TODAY/IHS Global Insight Economic Outlook Index shows moderating but firm growth in the first half of 2010 after a strong recovery in the second half 2009."


personally, I hope this prediction is not going to turn out to be too high, but perhaps too low. But then I am pulling for America. I realize this is not the prediliction in Republican circles.

But to be fair, my feeling for Republicans is about what there's is for the American economy.


here's what the article says about this index:

"How this index differs from others

The USA TODAY/IHS Global Insight Economic Outlook Index differs from the Conference Board's index of leading indicators by including only "forward-looking" indicators that have a proven ability to predict future economic activity at least several months in the future; that is, indicators of current activity are excluded. In addition, the weight of each indicator depends on the predictive power of that indicator, as opposed to the equal weights applied by the Conference Board and the Economic Cycle Research Institute. The USA TODAY/IHS Global Insight Economic Outlook Index concentrates information from the 11 "forward-looking" indicators into one composite indicator as opposed to the Economic Cycle Research Institute's suite of leading indicators with different components and frequencies.

This interactive graphic was updated Dec. 22, 2009. It will be updated each month."