The NYT tells us that "most economists agree that the economy probably bottomed out in the first three months of the year and they have forecast a rebound." That is a bit less reassuring that it may first sound, since these same "most economists" never expected growth to dip to 0.6 percent in the first quarter. It would be useful if the NYT presented the views of some of the economists who were not surprised by the weakness in the first quarter.
--Dean Baker
If you enjoyed this article, please consider making a tax-deductible donation today. For over 30 years, The American Prospect has delivered independent reporting that exposes corporate power, investigates political corruption, and analyzes threats to our democracy. Unlike many media outlets, we’re not owned by billionaires or corporations—we’re powered by readers like you.
Today’s independent journalism faces unprecedented challenges. Your support makes our reporting possible and keeps our work free and accessible to all. Whether it’s $5 or $50, every contribution helps sustain our nonprofit newsroom.
Join our community of supporters and make a donation today to help keep independent journalism thriving.
