Forecasters: US Economic Recovery In Q3 2009

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Forecasters: US Economic Recovery In Q3 2009

By Mark Perry on February 18, 2009 | More Posts By Mark Perry | Author's Website

The U.S. economy is headed for two quarters of negative growth in the first half of 2009, according to 43 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters project that real GDP will contract at an annual rate of 5.2% in the first quarter and 1.8% in the second quarter of 2009. The survey participants expect economic recovery to begin in the third quarter of 2009. On a year-over-year basis, growth is expected to be -2.0% in 2009 and 2.2% in 2010. See chart above.

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1 Comment :

Comment by phil sesny Subscribed to comments via email

2009-09-27 20:12:02

do you actually beleive this or is this article some kind of a joke?

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