Leading Economist Looks Ahead

Nariman Behravesh,Chief Economist at Global Insight,has been evaluating where we are.We're facing a lot of headwinds,he pointed out.Employment and housing prices are still dropping.Consumer spending won't turn till Q3.The earliest Gross Domestic Product will turn is Q4.Exports and business construction won't turn till mid-2010.On the other hand,you're starting to get very mixed signals.This is an indicator of a turning point,Mr.Behravesh believes.A consensus seems to be forming that substantive recovery will occur late in 2009 or the first half of 2010.