Some economists don't see recession's end
The National Association for Business Economists surveys experts to see how many believe that the recession is over, how many think it will end later this year, and what number believe there will be no recovery until 2010. Its latest quarterly survey shows, once again, that economists cannot be counted on for consistency.
One expert involved in compiling the recent survey said the poll "provides new evidence that the U.S. recession is abating, but few signs of an immediate recovery," according to the Associated Press. That leaves open the issue of what the term "immediate" means. The economists questioned in this latest piece of research expect unemployment to begin to improve later next year.