Daily Economic Indicator: Economists upbeat about recovery

02/22/2010 | CNNMoney

A survey of leading economists found that most are predicting steady growth over the next couple of years. "We see a healthy expansion under way, although it will take time to reduce economic slack and repair damaged balance sheets," said Lynn Reaser, president of the National Association for Business Economics. "Businesses are in position to take up some of the slack because of rebounding profits. Our economists believe improvement in sales and profits will cause them to put out the hiring signs relatively soon."

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