The US economy should emerge from recession by the late summer, according to economists from some of the country's top banks.BBC NEWS | Business | Economists see end to US downturn
The American Bankers Association's Economic Advisory Committee has said it expects economic activity to increase by 0.5% between July and September.
But committee head Bruce Kasman said, "the economy will return to growth [in the quarter] but not to health."
The bankers also said US unemployment would hit 10% early next year.
Tuesday, June 16, 2009
BBC NEWS | Business | Economists see end to US downturn
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