Economy is Getting Worse
January 26th, 2009 | 
Author: NEW YORK (CNNMoney.com) — Economists expect an already deep recession to get even worse in 2009, according to a survey released Monday.
Companies will lay off more workers and hoard more cash during the next 12 months, according to the National Association for Business Economics survey, a quarterly take from a panel of economists at private-sector companies in various industries. A vast majority of the 105 economists polled believe the country’s gross domestic product will continue to sink in 2009.
If business conditions indeed worsen during the year, they will be sinking from already historic lows. The survey’s measures of consumer demand, profit margins and capital expenditures all hit their lowest-ever levels in January’s edition of the 27-year old survey.
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