Goldman’s Top Economist Says There Are Only Two Scenarios, Bad And Very Bad

post — Alexander Marian @ 3:57 pm — post Comments (0)
postOctober 13, 2010

Right now, Goldman Sachs’ Jan Hatzius is speaking on a panel and just told the audience there are only two economic scenarios for the U.S. right now: bad and very bad.Those scenarios are summed up as followed (via Jim Pethokoukis):

Bad: 1-2% GDP growth and an increase to 10% unemployment

Very Bad: Double-dip recession, based on Bush tax cut expiring and declining home prices

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