The slowing growth has prompted officials at the Federal Reserve to attempt various new tactics to kick-start the economy. The Fed plans to institute what would be called “Operation Twist” – meaning that they will swap short term treasury notes for long term bonds. However, almost ⅔ of economists expect that the move will fail to reduce the current unemployment rate.
Currently, most economists are projecting growth to fall somewhere between 1.5 and 2.5%. That is a more optimistic view than that of the IMF, but growth that low should fail to stimulate enough job growth to have a meaningful impact on the unemployment rate.