ARLINGTON, Va. — There won't be a double dip recession but the short term outlook is for modest growth, the top economists of CUNA and NAFCU said last night.
CUNA Chief Economist Bill Hampel and NAFCU Chief Economist Tun Wai discussed their thoughts at a meeting of the Metropolitan Area Credit Union Management Association.
Hampel predicted there will be modest growth in consumer spending, adding that the long recession could have two different effects on people's willingness to spend money.
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