WKYT | Lexington, Kentucky | News

Recession to end this year?

WASHINGTON (AP) - A survey of leading economic forecasters is
suggesting an end to the recession later this year.
The National Association for Business Economics says 90 percent
of those surveyed believe that.
NABE president Chris Varvares says unemployment will rise and
the recovery will be moderate.
About 74 percent of the forecasters expect the longest recession
since World War II to end in the third quarter. Another 19 percent
predict it will come in the final three months of this year. The
remaining 7 percent say it'll be in the first quarter of 2010.
Economists also say recoveries after financial crises tend to be
slower.


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