Not what I would call a cheery forecast

From Bloomberg.com:

?We see two main scenarios,? analysts led by Jan Hatzius, the New York-based chief U.S. economist at the company [Goldman Sachs], wrote in an e-mail to clients. ?A fairly bad one in which the economy grows at a 1 1/2 percent to 2 percent rate through the middle of next year and the unemployment rate rises moderately to 10 percent, and a very bad one in which the economy returns to an outright recession.?

Got that? The economy will be somewhere between fairly bad and very bad over the next six to nine months.