Below we highlight consensus 2010 GDP growth estimates for 28 countries (+Europe) based on Bloomberg's survey of economists.  As shown, all but one country is expected to see GDP growth in 2010.  Spain is the lone country expected to see a decline in GDP at -0.40%.  China is expected to see the most growth by a wide margin at 9.40%.  Indonesia and Singapore rank second and third as 5.55% and 5.50% respectively.  The US is tied with Canada for the best GDP growth estimate (+2.6%) of the G-7 countries.  European G-7 countries and Japan are expected to see growth in the 1%-1.5% range.

Our research shows that in the four quarters coming out of a recession, the US has averaged GDP growth of 5.4%.  With a consensus estimate of +2.6%, economists are clearly expecting a weak recovery in the US.  However, does anyone remember a time when economists weren't expecting a weak recovery?

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