Hal Morris, writing on his Grumpy Editor blog, complains that the Associated Press is emphasizing the prospect of a recession too much in its coverage.
“He reported ’45 percent of the economists on its forecasting panel expect a recession this year.’ Grumpy Editor’s translation: that means 22 economists who see the ‘R’ word approaching — leaving a higher number, 27, who don’t.
“To be fair, Crutsinger, in the fifth paragraph of his piece, works in, ’55 percent still believe the country will be able to skate by without falling into an actual downturn, typically defined as two consecutive quarters of declines in gross domestic output, the broadest measure of economic health.'”
Read more here.
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