Monday, November 23, 2009

IU Panel: Years Before Economy is Restored

Indiana University economists believe it will take three to five years to restore the economy and reach full employment. Those predictions are among the key points in the 2010 economic forecast from the IU Kelley School of Business Outlook Panel. The researchers believe households are likely to continue being cautious with spending and small businesses will still be dealing with tight credit in 2010. The forecast is also calling for the national unemployment rate to peak above 10 percent, while payrolls add nearly 2 million jobs by the end of 2010.