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THURSDAY, NOVEMBER 26, 2009
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Recession Could End in 3rd Quarter: Economists

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(Newser) – Our long national nightmare could soon be over: Top economic forecasters expect the recession to end by the second half of this year, Reuters reports. In a new survey, experts predict the GDP will shrink by 2.8% this year but edge up 1.9% in 2010. Even so, economists add that the unemployment rate could peak at 10% early next year.

In this March 23, 2009 file photo, the Dow Jones ticker in New York's Times Square is shown after the Dow Jones gained nearly 500 points.
In this March 23, 2009 file photo, the Dow Jones ticker in New York's Times Square is shown after the Dow Jones gained nearly 500 points.   (AP Photo/Mary Altaffer, file)
A specialist trader eyes financial charts and data on the floor of the New York Stock Exchange.
A specialist trader eyes financial charts and data on the floor of the New York Stock Exchange.   (AP Photos/Bebeto Matthews)
A trader works on the floor of the New York Stock Exchange.
A trader works on the floor of the New York Stock Exchange.   (AP Photo/Mary Altaffer)
A Wall Street street sign hangs near the New York Stock Exchange on Friday, June 6, 2008 in New York.
A Wall Street street sign hangs near the New York Stock Exchange on Friday, June 6, 2008 in New York.   (AP Photo/Jin Lee)
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The past month provided fresh evidence the decline in business activity is starting to moderate, buttressing consensus expectations that the economy will emerge from recession in the second half of this year. - Blue Chip Economic Indicators Newsletter

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TerrifiedCitizen
May 11, 09 12:07 AM CDT
Oh you have it all wrong... we need economists who will stand up against Wall Street and warn the American people well in advance of fiscal inevitability; not make us feel better once it's too late. Reply
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