Increased consumer spending and a recovery in the housing market will lift the U.S. out of recession in the second half of this year, according to a Blue Chip Economic Indicators survey of private economists. Despite the upbeat sentiment, respondents also predicted an increase in unemployment in 2010. "Real GDP contracted very sharply during the first quarter of this year and will continue to shrink, albeit more slowly in the second quarter, before turning very modestly higher in the third and fourth quarters," according to the survey.

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