Economists now say U.S. recovery is underway, due to stimulus


According to a new survey of economists, an economic recovery from the United States' worst recession in more than a generation has begun, jump-started by the Obama administration's $787 billion fiscal stimulus package. Economists surveyed by Bloomberg News expect the U.S. economy to expand by two percent or more for four consecutive quarters through June 2010.

What's more Bloomberg's panel increased its third quarter GDP estimate by a whopping 1.2 percentage points compared to the July survey; this is the biggest such forecast increase since Bloomberg began the survey in 2003.