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ECONOMISTS: RECESSION IN THE U.S. TO END IN 2009
Posted by Renddy Rose Rodriguez
on
6/15/2009 05:50:00 PM
by Gary Verderamo
The end of the recession is in sight, according to a new survey of leading economists. While the economy is showing signs of stabilizing, the recovery will be more moderate than is typical following a severe downturn, said the National Association for Business Economics Outlook in a report released Wednesday.
The panel of 45 economists said it expects economic growth will rebound in the second half of 2009. However, the group still expects to see a decline in second-quarter economic activity. The good news is that the NABE panel expects economic growth to turn positive in the second half of this year, with the pace of job losses narrowing sharply over the remainder of this year and employment turning up in early 2010," said NABE president Chris Varvares in a written statement.
Almost three out of four survey respondents expect the recession will end by the third quarter of 2009, the report said.
But 19% predicted that a turnaround won't come until the fourth quarter, and 7% said it may not come until early 2010. None of the panelists expected the recession to continue past the first quarter of next year.
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A recovery in the second half of this year will be 'moderate,' according to a report from the National Association for Business Economics.
The end of the recession is in sight, according to a new survey of leading economists. While the economy is showing signs of stabilizing, the recovery will be more moderate than is typical following a severe downturn, said the National Association for Business Economics Outlook in a report released Wednesday.
The panel of 45 economists said it expects economic growth will rebound in the second half of 2009. However, the group still expects to see a decline in second-quarter economic activity. The good news is that the NABE panel expects economic growth to turn positive in the second half of this year, with the pace of job losses narrowing sharply over the remainder of this year and employment turning up in early 2010," said NABE president Chris Varvares in a written statement.
Almost three out of four survey respondents expect the recession will end by the third quarter of 2009, the report said.
But 19% predicted that a turnaround won't come until the fourth quarter, and 7% said it may not come until early 2010. None of the panelists expected the recession to continue past the first quarter of next year.
DISCUSSION QUESTIONS
What do you think are the chances of the U.S. economy coming out of its recession before 2010?
When do you think the economy in the U.S. will rebound?
How long do you think it will be before the recovery of the U.S. economy starts to affect Korea’s economy?
Do you think a resurgent U.S. economy will have a positive or negative effect on the global economy? Or just on Korea’s economy specifically if you prefer.
What do you think will be the most important indicator that the economy has ended its recession period?
Assuming the economists’ predictions are correct, what do you think was the most important factor(s) in the U.S. economy’s recovery?
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