NABE Forecasts Economic Rebound in 2011

Northbrook, IL ( PressRelaseCollection ) August 24, 2009 – The National Association for Business Economics (NABE) estimated that the economy would begin to improve in 2010, with noticeable effects taking place in mid to late 2011. It’s predicted that this economic turnaround could be the result of the home sales and home construction drought finally beginning to end, according to NABE.

However, soon after the public statement, Ben Bernanke, Chairman of the Federal Reserve, told the Senate Banking Committee that though the Federal Reserve has been successful in creating some sense of financial stability, a full economic recovery could still be years away, (nytimes.com).

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