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October 27, 2005

Thursday Cowbell: Economy Projected To Grow At Nice 3.25% Rate

Not golden diapers, maybe, but sterling silver ones at least:

The U.S. economy is on course for a "soft landing" and steady growth of 3.25 percent next year, the OECD said Thursday, but the federal budget deficit and soaring oil prices still pose risks.

"Despite higher energy prices, the expansion has continued at a solid pace, driven by private domestic demand," the Organization for Economic Cooperation and Development said in a report.

"Although such a soft landing is the most likely outcome, there are some risks," the report added. "With little economic slack left, inflation could continue to pick up, in particular if oil prices keep rising."

And that rosy projection comes from Paris. So, you know those douchebags docked us at least .25%.

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posted by Ace at 02:30 PM

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