Source: The Associated Press, Jeannine Aversa (05/27/2009)
More than 90% of economists think the recession is nearing its end, but they don't expect the economy to soar anytime soon.
Nearly 75% of economists, surveyed by the National Association for Business Economics, say that the recession will end in the 3rd quarter. Another 19% think the turnaround will come in the 4th quarter. The rest are betting on the 1st quarter of 2010.
Americans seem to believe that things are getting better too. The Conference Board's Consumer Confidence Index rose 14.1 points in May to 54.9, the second month in a row in which there have been an increase.
Forecasters say that home sales will bottom out in the 2nd quarter, an important stabilizing factor.
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