Posted on 05/27/2009 5:34:37 AM PDT by TigerLikesRooster
US recession to end in second half: NABE survey
Wed May 27, 3:27 am ET
WASHINGTON (AFP) – The reeling US economy is poised to emerge from recession in the second half of the year, but recovery will be lackluster, a survey of economic forecasters showed Wednesday.
The National Association for Business Economics said a survey of 45 professional forecasters found that the consensus believed the end of the prolonged recession that began in December 2007 was finally was in sight.
"While the overall tone remains soft, there are emerging signs that the economy is stabilizing," according to NABE's latest survey and its president, Chris Varvares.
"The survey found that business economists look for the recession to end soon, but that the economic recovery is likely to be considerably more moderate than those typically experienced following steep declines," said Varvares, who is president of Macroeconomic Advisers.
The NABE outlook showed that panelists expected gross domestic product (GDP) -- the country's goods and services output -- to shrink by 1.8 percent in the second quarter.
But the NABE panel, in the survey taken between April 27 and May 11, downgraded the outlook for the next several quarters.
(Excerpt) Read more at news.yahoo.com ...
Ping!
These guys didn’t see it coming.....so now we are expected to believe they can see the end?
LOL!
When the second half of this year arrives, they’ll be predicting a recovery in the first half of next year.
When the commercial loan bubble bursts late this year and early next year, then what will they say?
Shoulda guessed it?
This is total BS. - Economic planning by poll?? Sheesh!
Pure baloney! The banks are still running for cover. Manufacturers are folding. Government "stimulus" spending is being wasted on feel-good projects. This is a wreck!
The commercial deal is “poof”, a goner.
I’m sure this was the daily telephone briefing points from Rahm Emmauel.
I'll gladly eat my hat if they are right....they are banking on a significant dead cat bounce to skim even more.
The global CDS derivative Ponzi scheme hasn't finished the shake down yet. Trillions still left to globally unwind.
Most people have no clue as to the level of deceit implemented to create the BS housing bubble, the corruption within Fannie/Freddie, the over leveraging by 'investment' banks, etc., etc.
The economy will worsen soon as inflation is beginning to heat up. Food and energy will be the main ticket increases with discretionary spending falling prey.
At this time CCard companies are reeling to cut credit by 2/3 to already existing customers. What about the commercial real estate bubble that will hit and option arm mortgages to reset in 2010-2012?
With the current US debt increase, how in the heck can any economist expect the economy to recover? The goobermint's intentions all along are to suck more money from the GDP. With an already deflating GDP and goobermint increasing taxes as I type, how's the economy to recover?
People may think I am full of it, fine. What has happened here to the auto industry here, median home prices, the Baltic Dry Index, pacific shipping, over 6 million unemployed YTD, etc????
I stand firm with my take that the depression snowball is gaining size and speed.
“”a survey of economic forecasters showed Wednesday.””
Are these the same “economic forecasters” who predicted/s this debacle to begin with?
The U.S. Recession will not end...because Obama’s policies will not allow it to end.
You've pretty much said it all. These people are whistling past the graveyard, I fear.
“The reeling US economy is poised to emerge from recession in the second half of the year, but recovery will look exactly like the recession, a survey of economic forecasters showed Wednesday.”
“We’re just tired of all this gloom and doom, so we’re just calling it over.”
“Become” media whores?
They weren’t paid mattress backs before?!?
They scared us into the bailouts, and are probably a little concerned that we aren’t spending what we don’t have anymore. Time to reverse course and get us to open up our wallets.
And did all these same economists predict the financial melt down and realestate disaster? Doubt it.
The Agriculture Re-Boom Is Coming (Food shortages and the sunspot cycle)
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