Krugman Sees U.S. Recession Ending Soon
Bloomberg -- The U.S. economy probably will emerge from the recession by September,
Nobel Prize-winning economist Paul Krugman said.
“I would not be surprised if the official end of the U.S. recession ends up being, in retrospect,
dated sometime this summer,” he said in a lecture today at the London School of Economics.
“Things seem to be getting worse more slowly. There’s some reason to think that we’re stabilizing.”
Krugman, a Princeton University economist, has warned recently that the U.S. government
hasn’t done enough to help the country’s economy recover.
Last month, at a conference in Abu Dhabi, he said the fiscal stimulus is
“only enough to mitigate the slump not induce recovery.”
Even with a recovery, “almost surely unemployment will keep rising for a long time and
there’s a lot of reason to think that the world economy is going to stay depressed for
an extended period,” Krugman said.
Full article at: http://www.bloomberg.com/apps/news?pid=20601087&sid=ayAXvw0Mc3CY
Tags: USA, 2009, World, Economy