Krugman sees recovery by end of Summer

By Edward Harrison On Jun 9, 2009

As I have been indicating, even the most bearish of professional economists are now seeing a probable end to the recession later this year. Paul Krugman goes as far as to say he wouldn’t be surprised to see the official end dated sometime this summer. The question, therefore, is not if or when the recession ends, but rather how robust a recovery we get.

Another question we should all be asking ourselves is whether this will be used as an excuse to return to business as usual.

recovery

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Links: 2009-06-09

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6 Comments

davosSherman says 16 years ago

I M P O S S I B L E
JohnDoe says 16 years ago

“signs of stabilization” and “getting WORSE more slowly” are not the same as “recovery”. Too many people are getting this confused. We are no longer in immediate danger of falling off a cliff and a total collapse of our economy but we are in no way shape or form at the end of the recession.
1. Edward Harrison says 16 years ago
  
  John Doe, Krugman clearly states we are NOW stabilizing, but that he wouldn’t be surprised if this leads to recovery sometime this summer. I hope you understand this. He is CLEARLY saying we are probably near the end of the recession. Watch the video and read the associated article:
  
  https://www.bloomberg.com/apps/news?pid=20601087&sid=a8ZaruoJGPLM
  
  His call for a potential summer recovery is even more aggressive than what I am saying (Q4 or Q1).

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