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09-04-2009, 12:00 AM #1
U.S. Chamber sees end to recession
U.S. Chamber sees end to recession
By Ian Swanson - 09/03/09 04:24 PM ET
The worst recession in decades is clearly coming to an end, but job losses will continue to hamper the economy, the nation’s largest business lobby predicted Thursday.
The U.S. economy will grow at a rate of 2.5 percent to 3 percent in the third quarter, U.S. Chamber of Commerce chief economist Martin Regalia told reporters.
The Chamber’s forecast is for the economy to continue to grow at that rate through the first half of 2010 as the effects of the $787 billion stimulus package make its way through the economy.
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