'ECONOMIST' U.S. OUTLOOK DIMS

By Nathaniel Luce

Publication: WALL STREET JOURNAL

Economists in the latest Wall Street Journal forecasting survey still mostly project growth in U.S. gross domestic product by the third quarter, but they largely agree that a 2009 “second-half recovery” — a widely shared scenario until now — is looking much less likely. J. DEWEY DAANE, Frank Houston Professor of Finance Emeritus, is quoted.