Economists see pause in recession

By Chris Giles and Daniel Pimlott
Published: June 7 2009 22:02 Last updated: June 7 2009 22:02
The recession is over for now, the majority of City economists polled by the Financial Times believe.
In a survey conducted at the end of last week, 11 out of 20 economists said the economy had stopped contracting in June and was likely to start growing in coming months. The majority of those believing the economy was still shrinking thought the bottom of the downturn was near.
The survey suggests the government’s forecast in the Budget that growth would return only by the fourth quarter of this year may have been too pessimistic. It also offers hope for Gordon Brown that if he can hold on to his job he may be able to reap the benefits of an upturn.

Full Article: Economists see pause in recession