The Wall Street Journal just released their latest survey of economists. Generally, they are more optimistic!
The economy grew at 2.5% in the third quarter. Estimates for the fourth quarter were raised from 2.4% to 2.6% and 3.0% for the first half of 2011.
Also, they reduced the odds of a double-dip recession from 22% to only 15%, another good sign.
This survey was conducted prior to the tax deal. Presumably, the extension of existing tax cuts was "baked into" their thinking, but not the payroll tax reduction nor unemployment stimulus. A new survey would likely be more optimistic.
Things are certainly getting better . . . slowly!
