Economists forecast modest Q3 rebound

http://www.bizjournals.com/sanfrancisco/stories/2009/05/25/daily24.html

A panel of 45 U.S. economists expects a modest economic rebound to begin in the second half of 2009, picking up steam in 2010, the National Association for Business Economics said Wednesday.

The panel ... [predicts] positive, albeit modest, growth in the third quarter, followed by steady improvement thereafter, the NABE outlook report said. On the whole, however, the economic rebound lacks luster. Real GDP growth over the second half of 2009 is expected to average a well-below-trend 1.2 percent pace.

The forecasters surveyed said growth in 2010 is slated for a return to near its historical trend, with real GDP rising 2.7 percent on a fourth-quarter-to-fourth quarter basis. ... [But] next year\'s expected growth in GDP would be considerably more moderate than the typical rebound following a steep decline.