Survey: Majority of economists predict 2009 as bottom for U.S. sales

A majority of economists and forecasters surveyed by the National Association for Business Economics believe the U.S. economy is poised for an upswing this year. Of the 102 business prognosticators who were surveyed, 86% predicted U.S. sales would bottom out by the year’s end, while 14% predicted next year or later as the bottom. NABE member Sara Johnson, an economist at IHS Global Insight, sees rising “prospects for stabilization in the second half.”

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