More than 90 percent of economists predict the U.S. recession will end this year, although the recovery is likely to be bumpy.
That assessment came from leading forecasters in a survey by the National Association for Business Economics to be released Wednesday. It is generally in line with the outlook from Federal Reserve Chairman Ben Bernanke and his colleagues.
About 74 percent of the forecasters expect the recession — which started in December 2007 and is the longest since World War II — to end in the third quarter. Another 19 percent predict the turning point will come in the final three months of this year, and the remaining 7 percent believe the recession will end in the first quarter of 2010.
If you ask me I say "Thank God for the Swine Flu" because before then the recession (Crisis on Wall Street) was all we were hearing on the news 24/7 -- which if you ask me only served to dampen the economic outlook in the first place.
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