Economists More Optimistic Than Public: WSJ

New York, NY, July 16, 2010--Economists surveyed by The Wall Street Journal are more optimistic about the direction of the economy than the general public, though they are revising down forecasts for growth and jobs for the next 12 months, the publication reported.

The majority (64%) of the 55 economists polled said that the economy would get better over the next 12 months and 9% said it would get worse; the rest said it would stay about the same.

In contrast, the latest WSJ/NBC News poll found 33% of the general public expected the economy to improve and 23% think it will get worse.