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
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
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