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First Foundation economic forecast falls in step with other predictions
The annual event featured Washington insider Greg Valliere, who says future growth will be ‘self-reinforcing.’
By Carol StarcevicPublished: February 05, 2010
An economic forecast presented during Irvine-based First Foundation Advisors’ annual meeting falls in step with most of the predictions that have been released so far: The recession is over, but the recovery will be slow
“The bad news is that so far, this has been a jobless recovery,” said First Foundation Chairman Rick Keller. “But we expect that to change with positive job growth starting this quarter.”
He said recovery will occur over the next three to five years, with below-average GDP growth, low interest rates and inflation.
Keynote speaker Greg Valliere, a Washington insider who is the chief policy strategist for the Potomac Research Group, shared confidence, however, that a new chapter has begun: “I can say with certainty we have reached the turning point where clear signs of recovery – positive economic growth, consumer confidence and business investment – will become self-reinforcing.”
Related headlines
Chapman forecast: The worst of the recession is over
Chapman forecast: Recovery will be weak
Economic forecast for the legal profession
CSUF forecast: Economic recovery will be bumpy
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“The bad news is that so far, this has been a jobless recovery,” said First Foundation Chairman Rick Keller. “But we expect that to change with positive job growth starting this quarter.” He said recovery will occur over the next three to five years, with below-average GDP growth, low interest rates and inflation. Keynote speaker Greg Valliere, a Washington insider who is the chief policy strategist for the Potomac Research Group, shared confidence, however, that a new chapter has begun: “I can say with certainty we have reached the turning point where clear signs of recovery – positive economic growth, consumer confidence and business investment – will become self-reinforcing.” Related headlines Chapman forecast: The worst of the recession is over Chapman forecast: Recovery will be weak Economic forecast for the legal profession CSUF forecast: Economic recovery will be bumpy |
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