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The country’s top investing minds came to this depressing conclusion about the economy

Buckle up, it’s going to be a bumpy ride — that leaves us right back where we started.

That’s the consensus among the leading economists, investors, and analysts at the annual gathering known as “Camp Kotok,” who take part in an annual friendly wager on where various economic indicators will wind up in a year.

This August, the story could be summed up in one word, according to Stu Hoffman, chief economist at PNC Financial and a longtime coordinator of the survey: “Sideways.”

The 30-person panel’s median consensus forecast is for a 2.0% yearly gain in the Consumer Price Index, for example, close to the most recent reading of 2.3%.

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