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.