Summary Box: AP Economy Survey: Weakness into 2011

AP News
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Posted: Oct 28, 2010 7:13 PM
Summary Box: AP Economy Survey: Weakness into 2011

PERSISTENT HIGH UNEMPLOYMENT: The jobless rate will drop only to 9 percent by the end of 2011 _ more than two years after the recession ended, according to an Associated Press survey of leading economists. The rate is 9.6 percent now.

SLOW-MOTION: The economy will end this year on weaker footing than it started. The economy is expected to grow at a 2.4 percent annual rate in the current October-December quarter, compared with a 3.7 percent pace in the first quarter of the year.

DODGING ANOTHER DOWNTURN: 98 percent of the economists don't foresee the U.S. sliding back into a recession.