The Milken Institute: From Recession to Recovery
The Milken Institute expects economic recovery to pick up steam for the remainder of the year and into 2012.
Using rigorous econometric modeling, Milken expects the country to create nearly 2 million jobs this year, more than 3 million in 2011, and more than 2.5 million in 2012. Correspondingly, real GDP should expand by 3.5 percent this year, 3.7 percent in 2011, and 3.8 percent in 2012.
Economic growth in developing countries, better business confidence, and improved consumer spending are pushing recovery. Historic data from the Great Depression to World War II era supports Milken's research.
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