Thursday, November 13, 2008

WSJ Survey Says: Economists See Growth Returning Next Year

The U.S. economy is in the midst of the worst part of the recession, but growth may return by the second half of next year, according to economists in the latest Wall Street Journal forecasting survey.

Nearly two-thirds of respondents say the Treasury Department's Troubled Asset Relief Program, which has taken stakes in major financial institutions, is helping markets. On average, respondents expect the unemployment rate to rise to 7.7% by December 2009, up from 6.5% last month.

For more information, see:
http://online.wsj.com/article/SB122651067485621191.html?mod=djemalertNEWS

About the Survey

The Wall Street Journal surveys a group of 55 economists throughout the year. Broad surveys on more than 10 major economic indicators are conducted every month. Once a year, economists are ranked on how well their forecasts have fared. For prior installments of the surveys, see: WSJ.com/Economist.

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