economic forecast

(Newser) - Cisco Systems is cutting jobs again even though it saw rising revenues in the fourth fiscal quarter, the Wall Street Journal reports. The network-equipment giant said today it will slash 4,000 jobs, or 5% of workers, because economic growth isn't moving fast enough. "What we see is...

(Newser) - Economists are growing more optimistic about this year’s climate, predicting it will expand at its fastest pace since 2003, the Wall Street Journal reports. The paper polled 51 economists. Among the highlights:

• Economists see only a 12% risk of returning to recession, compared to 22% in September.
• In the

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(Newser) - The Bush tax cut deal has some economists walking on sunshine. Experts are getting more upbeat in their forecasts for next year, predicting accelerating growth, finds the Wall Street Journal in its latest forecasting survey. The 55 experts who weighed in expect GDP to grow in “nearly every period,...

(Newser) - Former fed chairman Alan Greenspan warned this weekend that the US is headed for a double-dip recession, which might be frightening news, if we didn’t have a conflicting opinion—from former Fed chairman Alan Greenspan! Just 4 months ago, Greenspan said odds of a double-dip recession had fallen drastically....