Reuters says Recession is at an end... Believe it?
The Blue Chip survey's findings are broadly in line with a Reuters poll published last month, which predicted growth in the third quarter, though a brisk pace of expansion was not expected until late 2010.
"Debate now centers on the speed, strength and durability of the recovery," the survey said.
It showed nearly two-thirds of respondents believed the economy was set for a U-shaped recovery, marked by below-trend growth in gross domestic product before stronger growth took hold in the second half of 2010.
I see the economic difficulties continuing well into 2010, mostly because of continued rates of job losses. Reuters' survey & findings mostly indicate that popular opinion is on the rise that we are doing better, but this may be pollsters' psychology at work.
