Survey: Economists say recession is over - WAOW - Newsline 9, Wausau News, Weather, Sports

Survey: Economists say recession is over

NEW YORK (AP) -- More than 80 percent of private economists surveyed believe the recession is over and an expansion has begun. Even so, they expect the recovery will be slow amid continuing worries over unemployment and federal debt.

The survey was released by the National Association for Business Economics.

They look for the U.S. economy to expand at a rate of nearly 3 percent in this second half of the year and about the same in 2010.

The economists say that the housing market recovery will gain momentum next year. They look for housing prices to rise 2 percent in 2010.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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