Have we hit the bottom?
Experts vary in their opinions about whether the much smaller economic decline in the second quarter means the end of the recession.
By David Goldman, CNNMoney.com staff writer
Last Updated: August 1, 2009: 11:00 AM ET
NEW YORK (CNNMoney.com) — A government report Friday showed that the economy is no longer falling off a cliff, but that doesn’t necessarily mean we can slam the door on the recession.
The economy continued to contract, albeit at a much slower pace, in the second quarter. But since GDP is a trailing indicator, some say more evidence is needed before a bottom can really be called.
Ask three economists, get three different answers. And that’s exactly what CNNMoney.com did. Read on and decide for yourself.
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