Economists see a low-growth, U-shaped recovery
The U.S. recession is expected to end this quarter, Q3, but what form will the recovery take? If one private survey of economists is accurate, it will be a low-growth recovery.
About two-thirds of the Blue Chip Economic Indicators (BCEI) survey of private economists see a U-shaped recovery -- one where below-trend GDP growth occurs for several quarters, Reuters reported. Specifically, the economists surveyed see 2.3 percent U.S. GDP growth in 2010, after a 2.6 percent contraction in 2009.