The 2 percent slump – but it ain’t THAT bad

A group of economic forecasters expects that much downturn in the U.S.economy this year.

That starts with an expected 5 percent dropoff for the first quarter, followed by about 2 percent in the second quarter.

Activity is supposed to pick up in the second half of the year, but at a lesser pace than previously projected.

So, that all said, the current recession sounds like it will still turn out to be not so bad as the 1980-82 recession, despite what all the hyperventilating Gen-X pundits say.