Economics Bloggers See Economy Weakening

The Kauffman Foundation produces a quarterly survey of economic bloggers to get their sense of the economy’s condition.  The outlook, as they say, isn’t brilliant:

(KANSAS CITY, Mo.), July 28, 2011 – Optimism is out; pessimism is in among the country’s top economics bloggers as they look to 2012 and beyond, particularly regarding jobs. A new Ewing Marion Kauffman Foundation survey released today shows that only 50 percent of respondents anticipate employment growth, a decrease of 20 percent from second quarter.

Fully 95 percent of respondents view current economic conditions as “mixed” or “facing recession,” an increase of 10 percent from second quarter, and a third predict a double-dip recession during 2012. “Uncertain” is once again the top adjective economics bloggers use to describe the economy, and respondents shared expectations of higher annual deficits and the top marginal tax rate.

“This quarter’s survey provides an unprecedented level of pessimism about the state of the U.S. economy among top bloggers,” said Tim Kane, the survey’s director and a senior scholar at the Kauffman Foundation. “But, it also contains a handful of unique questions submitted by bloggers themselves that offer new perspectives and new directions forward.”

You can read the full report here.

Tags: , ,

Top