Economists Kick Off Forum With Good News, Bad News on Current Slump
LA JOLLA, Calif. -- Two top economists launched WesCorp's Future Forum with the same good news, bad news scenario many industry economists have already predicted: The forces driving the current economic downturn are severe and unique. However, thanks to a lack of traditional recession indicators, it shouldn't be terribly severe.
But, it will be a long recovery, said Joe LaVorgna, Chief U.S. Economist at Deutsche Bank. He was followed by Todd Buchholz, former White House director of economic policy, who spoke on global economic influences.