Tuesday, June 16, 2009

BBC NEWS | Business | Economists see end to US downturn

The US economy should emerge from recession by the late summer, according to economists from some of the country's top banks.

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.


BBC NEWS | Business | Economists see end to US downturn
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