Rear-View Mirror Can't Forecast 2011 Economy: Caroline Baum
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It’s starting to look a lot like 2010.
That’s what many analysts concluded based on a series of weak economic reports last month. News that the U.S. economy expanded at an anemic 1.8 percent rate in the first quarter compared with 3.1 percent in the fourth seemed to solidify the view that, like last year, the economy was slowing.