Recession Could End in 3rd Quarter: Economists

By Wesley Oliver,  Newser Staff
Posted May 10, 2009 2:00 PM CDT
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)
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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.