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Leading Economists Declare End to Recession16 Oct

Some good news on the economic front…. according to economists, the recession is over.  That doesn’t mean we are out of the woods yet.  It is going to take a while to completely recover.  But it does mean that the strong housing stats that we have seen, should continue.

SAINT LOUIS–The recession, which began in December 2007, has ended but the nation still faces a long slow recovery, according to economists surveyed by the National Association for Business Economics.

More than 80% of respondents to the quarterly NABE survey said they believe an expansion has begun. The survey was  released Monday at the Association’s annual meeting here in St. Louis.

“The good news is that this deep and long recession appears to be over, and with improving credit markets, the U.S. economy can return to solid growth next year without worry about rising inflation,” according to Lynn Reaser, chief economist at Point Loma Nazarene University and NABE President-elect.

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