OUTLOOK/BOARD OF ECONOMISTS: The Year Ahead: A Portrait in Pastels

If economists' predictions for the coming year could be symbolically represented by a painting, it would be a portrait in muted pastels—no dazzling rosy hues, no daubs of black. The recovery from the worst slump since the Great Depression will continue at a steady but unspectacular pace. Unemployment and inflation will both come down, slowly and moderately. It will be a year of transition—but will the transition be to a new period of balanced growth or a time of stagnation?

Economists are deeply divided on that question. But there is strikingly little...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!