WHEN: TODAY, FRIDAY, AUGUST 7TH 6AM-9AM ET
WHERE: CNBC'S "SQUAWK BOX"
Today, Friday, August 7th during CNBC's "Squawk Box" (6Am-9AM ET), CNBC's Senior Economics Reporter Steve Liesman released the results of CNBC's exclusive "Leen's Lodge Indicator" survey, which polled 25 of the nation's top economists, hedge-fund managers and analysts on the state of the economy. The survey was taken at the annual invitation-only retreat in Grand Lake Stream, Maine hosted by CNBC contributor David Kotok of Cumberland Advisors.
Here are the results:
Where will the unemployment rate be a year from now?
65 percent said above 10 percent
35 percent said below 10 percent
What is most important for the economic recovery?
39 percent said job growth
26 percent said higher consumer spending
When should the Fed start raising rates?
60 percent said on hold for longer than a year
22 percent said will raise in the next 6-12 months
The President's grade on handling the economy
D
View of the recession:
39 percent said recession will end in the next 3 months
26 percent said recession will end in the next 6 months
17 percent said recession is over
GDP forecast for Q3 & Q4
Average 1.5 for the next two quarters
- 90 percent said growth will be positive
- 30 percent said second recession is coming
For more information about the "Leen's Lodge Indicator" survey log onto: http://www.cnbc.com/id/32328320/site/14081545
About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.