Posted Jan. 3, 2014 at 9:43 a.m.

Premium Lock Mike Walden: Up, down or sideways - what direction will the economy go in 2014?

Published: 2014-01-03 09:43:02
Updated: 2014-01-03 09:43:02

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Analysis: My calendar is already booked solid for presentations about the economic future all around North Carolina. I always open my talks with a well-worn joke - that economists are better at predicting the past than the future. After the laughter subsides, I make the serious point that economic forecasting has a high error rate, especially when the forecasts are for specific numbers like the jobless rate, new jobs created and the change in spending. However, economists are much better at recognizing and predicting general economic trends. So, let me begin with economic trends for 2014. I - and most economists - see several good trends....

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