Recovery

Top Economists Say Recovery Has Begun
Economic recovery is about making people feel more confident, says

Mark Zandi, chief economist of Moody’s Economy.com. says increasing home sales and gains in the stock market are some promising signs that the worst is over and people will start spending again. “We’re starting to see some pent-up demand for goods,” he says.

Strong growth in the last half of the year and a quick recovery for the labor market is the prediction of Robert Brusca of FAO Economics. “You’ve lost 5 million jobs. It shouldn’t be hard to put 2.5 million jobs back on rather quickly after you hit bottom,” he said.

Joseph Carson, chief economist at AllianceBernstein, calls improving home sales, a rising stock market, and better-than-expected retail sales in February and March good signs of a turnaround. By the time President Obama’s stimulus package takes effect, the economy will be ready, he says.

Source c