Economic Crisis, When will it end?
Wondering how the recession will impact various industries? Check out Recession Insight on IBISWorld.
This report was updated on January 9, 2009 and provides predictions for the 700 industry reports contained in this database.
Highlights
The key forecasts of IBISWorld’s Macroeconomic Briefing Paper are:
- The US economy will decline by 1.6% in 2009 and will not return to its normal course until 2011.
- Unemployment will continue to rise into the first quarter of 2010 and peak at 8.9%.
- Retail sales will fall by 2.2% in 2009, with greater most pressure in the first half of the year.
- Business investment will stay negative until the second half of 2010.
- Residential investment and housing starts will not return to 2008 levels until 2011.