Economic Report: U.S. could recover in spring, economists' group says

U.S. could recover in spring, economists says Bailout plan expected to take the edge off recession, NABE survey shows WASHINGTON (MarketWatch) -- Three weeks ago, economists surveyed by a leading trade association said the U.S. economy would recover from the current recession in the second quarter of next year, assuming the credit squeeze in global financial markets improved gradually. But that was before a new round of credit worries, bank failures and bailouts. Video: A first-quarter market bottom? Monday's free fall shows that the markets are pricing in a recession, says David Berson, chief investment strategist of the PMI Group, who doesn't see the market bottoming until the first quarter of 2009. Stacey Delo reports. (Oct. 6) Given Monday's sell-off in the stock markets, the economists would likely be more pessimistic if... [read full story]