Institute for Economic Competitiveness<\/a>, poking fun at the more typical descriptions of recession shapes and graphs.<\/p>\n“Forget the V-shape or other letters that economists talk about when they describe the economy,” he adds. \u201cThis will be a ‘gravy boat recession’ with a steady and gradual recovery. After touching bottom in the third quarter of 2009, we\u2019ll see GDP slowly climb like a gravy boat\u2019s spout.”<\/p>\n
Although the country\u2019s economic downturn will not be the deepest since the Great Depression, Snaith says it will be the longest recession and recovery period since then.<\/p>\n
As such, he cautions against rose-colored predictions of a quick U.S. recovery amidst several encouraging signs this week of economic healing in stock markets, Americans\u2019 income and construction spending.<\/p>\n
“Consumers may soon be back from the dead,\u201d Snaith explains. “But, as any aficionado of zombie movies knows, the living dead do not move very fast. Consumers may start spending again, but they will not be the driving force pulling us out of this recession.”<\/p>\n
Snaith also weighs in on Federal Reserve Chairman Ben Bernanke, whose term is up in January. He urges President Obama to announce Bernanke’s reappointment immediately as a way to stabilize markets and provide a smooth transition from recession to recovery.<\/p>\n
“It makes no sense to change the captain of the ship before the journey is over,” Snaith says. “We\u2019ve still got quite a ways to go.”<\/p>\n
https:\/\/apotheekpillen.nl<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"While experts argue over what this recession will look like years from now, a University of Central Florida economist says it most resembles a gravy boat. In his national quarterly forecast released on June 3, Sean Snaith says the pace of the economic downturn and anticipated recovery looks like the slanted handle, bowl bottom and prolonged spout of a traditional…","protected":false},"author":132,"featured_media":3391,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-twocol.php","format":"standard","meta":{"_acf_changed":false,"lazy_load_responsive_images_disabled":false,"footnotes":"","_links_to":"","_links_to_target":"","_wp_rev_ctl_limit":""},"categories":[4],"tags":[1490,2303,4194],"tu_author":[],"class_list":["post-3390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-economy","tag-institute-for-economic-competitiveness","tag-sean-snaith"],"yoast_head":"\nUCF Economist: Shape of The Recession? Think 'Gravy Boat' | University of Central Florida News<\/title>\n<meta name=\"description\" content=\"While experts argue over what this recession will look like years from now, a University of Central Florida economist says it most resembles a gravy boat.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UCF Economist: Shape of The Recession? Think 'Gravy Boat'\" \/>\n<meta property=\"og:description\" content=\"While experts argue over what this recession will look like years from now, a University of Central Florida economist says it most resembles a gravy boat.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/\" \/>\n<meta property=\"og:site_name\" content=\"University of Central Florida News | UCF Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/UCF\" \/>\n<meta property=\"article:published_time\" content=\"2009-06-11T14:05:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-21T13:16:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ucf.edu\/wp-content\/blogs.dir\/20\/files\/2009\/06\/seansnaith.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"236\" \/>\n\t<meta property=\"og:image:height\" content=\"358\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jonathan Gabriel \u201906\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@UCF\" \/>\n<meta name=\"twitter:site\" content=\"@UCF\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jonathan Gabriel \u201906\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/\"},\"author\":{\"name\":\"Jonathan Gabriel \u201906\",\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/#\\\/schema\\\/person\\\/614945980e57f800c1e937eb3f63ecfa\"},\"headline\":\"UCF Economist: Shape of The Recession? Think ‘Gravy Boat’\",\"datePublished\":\"2009-06-11T14:05:24+00:00\",\"dateModified\":\"2022-10-21T13:16:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/\"},\"wordCount\":321,\"image\":{\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ucf.edu\\\/wp-content\\\/blogs.dir\\\/20\\\/files\\\/2009\\\/06\\\/seansnaith.jpg\",\"keywords\":[\"economy\",\"institute for economic competitiveness\",\"sean snaith\"],\"articleSection\":[\"Business & Economy\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2009\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/\",\"url\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/\",\"name\":\"UCF Economist: Shape of The Recession? Think 'Gravy Boat' | University of Central Florida News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ucf.edu\\\/wp-content\\\/blogs.dir\\\/20\\\/files\\\/2009\\\/06\\\/seansnaith.jpg\",\"datePublished\":\"2009-06-11T14:05:24+00:00\",\"dateModified\":\"2022-10-21T13:16:03+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/#\\\/schema\\\/person\\\/614945980e57f800c1e937eb3f63ecfa\"},\"description\":\"While experts argue over what this recession will look like years from now, a University of Central Florida economist says it most resembles a gravy boat.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ucf.edu\\\/wp-content\\\/blogs.dir\\\/20\\\/files\\\/2009\\\/06\\\/seansnaith.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ucf.edu\\\/wp-content\\\/blogs.dir\\\/20\\\/files\\\/2009\\\/06\\\/seansnaith.jpg\",\"width\":236,\"height\":358,\"caption\":\"Sean Snaith, Ph.D.,is the Director of the Institute for Economic Competitiveness within the College of Business Administration at the University of Central Florida and is a widely recognized economist in the field of business and economic forecasting.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UCF Economist: Shape of The Recession? Think ‘Gravy Boat’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/\",\"name\":\"University of Central Florida News | UCF Today\",\"description\":\"Central Florida Research, Arts, Technology, Student Life and College News, Stories and More\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/#\\\/schema\\\/person\\\/614945980e57f800c1e937eb3f63ecfa\",\"name\":\"Jonathan Gabriel \u201906\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f395cc627c1d252c6c938ea054f5cd5536bd19dd807835dd8c6322573aaaa319?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f395cc627c1d252c6c938ea054f5cd5536bd19dd807835dd8c6322573aaaa319?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f395cc627c1d252c6c938ea054f5cd5536bd19dd807835dd8c6322573aaaa319?s=96&d=mm&r=g\",\"caption\":\"Jonathan Gabriel \u201906\"},\"url\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/author\\\/jo555933\\\/\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ucf.edu\\\/news\\\/ucf-economist-shape-of-the-recession-think-gravy-boat\\\/#local-main-organization-logo\",\"url\":\"\",\"contentUrl\":\"\",\"caption\":\"University of Central Florida\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"UCF Economist: Shape of The Recession? Think 'Gravy Boat' | University of Central Florida News","description":"While experts argue over what this recession will look like years from now, a University of Central Florida economist says it most resembles a gravy boat.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/","og_locale":"en_US","og_type":"article","og_title":"UCF Economist: Shape of The Recession? Think 'Gravy Boat'","og_description":"While experts argue over what this recession will look like years from now, a University of Central Florida economist says it most resembles a gravy boat.","og_url":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/","og_site_name":"University of Central Florida News | UCF Today","article_publisher":"https:\/\/www.facebook.com\/UCF","article_published_time":"2009-06-11T14:05:24+00:00","article_modified_time":"2022-10-21T13:16:03+00:00","og_image":[{"width":236,"height":358,"url":"https:\/\/www.ucf.edu\/wp-content\/blogs.dir\/20\/files\/2009\/06\/seansnaith.jpg","type":"image\/jpeg"}],"author":"Jonathan Gabriel \u201906","twitter_card":"summary_large_image","twitter_creator":"@UCF","twitter_site":"@UCF","twitter_misc":{"Written by":"Jonathan Gabriel \u201906","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/#article","isPartOf":{"@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/"},"author":{"name":"Jonathan Gabriel \u201906","@id":"https:\/\/www.ucf.edu\/news\/#\/schema\/person\/614945980e57f800c1e937eb3f63ecfa"},"headline":"UCF Economist: Shape of The Recession? Think ‘Gravy Boat’","datePublished":"2009-06-11T14:05:24+00:00","dateModified":"2022-10-21T13:16:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/"},"wordCount":321,"image":{"@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ucf.edu\/wp-content\/blogs.dir\/20\/files\/2009\/06\/seansnaith.jpg","keywords":["economy","institute for economic competitiveness","sean snaith"],"articleSection":["Business & Economy"],"inLanguage":"en-US","copyrightYear":"2009","copyrightHolder":{"@id":"https:\/\/www.ucf.edu\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/","url":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/","name":"UCF Economist: Shape of The Recession? Think 'Gravy Boat' | University of Central Florida News","isPartOf":{"@id":"https:\/\/www.ucf.edu\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/#primaryimage"},"image":{"@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ucf.edu\/wp-content\/blogs.dir\/20\/files\/2009\/06\/seansnaith.jpg","datePublished":"2009-06-11T14:05:24+00:00","dateModified":"2022-10-21T13:16:03+00:00","author":{"@id":"https:\/\/www.ucf.edu\/news\/#\/schema\/person\/614945980e57f800c1e937eb3f63ecfa"},"description":"While experts argue over what this recession will look like years from now, a University of Central Florida economist says it most resembles a gravy boat.","breadcrumb":{"@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/#primaryimage","url":"https:\/\/www.ucf.edu\/wp-content\/blogs.dir\/20\/files\/2009\/06\/seansnaith.jpg","contentUrl":"https:\/\/www.ucf.edu\/wp-content\/blogs.dir\/20\/files\/2009\/06\/seansnaith.jpg","width":236,"height":358,"caption":"Sean Snaith, Ph.D.,is the Director of the Institute for Economic Competitiveness within the College of Business Administration at the University of Central Florida and is a widely recognized economist in the field of business and economic forecasting."},{"@type":"BreadcrumbList","@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ucf.edu\/news\/"},{"@type":"ListItem","position":2,"name":"UCF Economist: Shape of The Recession? Think ‘Gravy Boat’"}]},{"@type":"WebSite","@id":"https:\/\/www.ucf.edu\/news\/#website","url":"https:\/\/www.ucf.edu\/news\/","name":"University of Central Florida News | UCF Today","description":"Central Florida Research, Arts, Technology, Student Life and College News, Stories and More","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ucf.edu\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ucf.edu\/news\/#\/schema\/person\/614945980e57f800c1e937eb3f63ecfa","name":"Jonathan Gabriel \u201906","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f395cc627c1d252c6c938ea054f5cd5536bd19dd807835dd8c6322573aaaa319?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f395cc627c1d252c6c938ea054f5cd5536bd19dd807835dd8c6322573aaaa319?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f395cc627c1d252c6c938ea054f5cd5536bd19dd807835dd8c6322573aaaa319?s=96&d=mm&r=g","caption":"Jonathan Gabriel \u201906"},"url":"https:\/\/www.ucf.edu\/news\/author\/jo555933\/"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ucf.edu\/news\/ucf-economist-shape-of-the-recession-think-gravy-boat\/#local-main-organization-logo","url":"","contentUrl":"","caption":"University of Central Florida"}]}},"thumbnail":"https:\/\/www.ucf.edu\/wp-content\/blogs.dir\/20\/files\/2009\/06\/seansnaith-198x300.jpg","primary_category":4,"primary_tag":1490,"author_byline":"Jonathan Gabriel \u201906","acf":[],"_links":{"self":[{"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/posts\/3390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/users\/132"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/comments?post=3390"}],"version-history":[{"count":5,"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/posts\/3390\/revisions"}],"predecessor-version":[{"id":131877,"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/posts\/3390\/revisions\/131877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/media\/3391"}],"wp:attachment":[{"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/media?parent=3390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/categories?post=3390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/tags?post=3390"},{"taxonomy":"tu_author","embeddable":true,"href":"https:\/\/www.ucf.edu\/news\/wp-json\/wp\/v2\/tu_author?post=3390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}