WASHINGTON, DC – October 20, 2010 – (RealEstateRama) — Sluggish job creation and modest consumer spending continue to spur slow economic growth according to the October 2010 Economic Outlook released today by Fannie Mae’s (FNMA/OTC) Economics & Mortgage Market Analysis Group. The economy is expected to grow at a rate below two percent in the current quarter before picking up modestly in the first half of 2011 and strengthening in the second half of next year. The current outlook remains clouded with uncertainty and has not changed materially from the previous forecast, with 2.2 percent growth projected for all of 2010, followed by a 2.5 percent pace for 2011.
More info...
