https://hotair.com/headlines/archives/2013/01/11/forecast-fiscal-cliff-will-reduce-growth-this-year-by-0-7-percent/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 06:31:23 -0400<![CDATA[Just 18 of the 50 surveyed economists, not all of whom answer every question, said the deal to avert the fiscal cliff by extending tax rates for most Americans and delaying spending cuts was good for the economy. On average, they said growth this year will be 0.7 percentage point lower than it would have been if policies from 2012 had been extended. &#8220;Fiscal gridlock is preventing the recovery from gaining steam,&#8221; said Julia Coronado of BNP Paribas.]]>Fri, 11 Jan 2013 11:57:10 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2013/01/11/forecast-fiscal-cliff-will-reduce-growth-this-year-by-0-7-percent-n99147