Wall Street Journal reports what economists are seeing in their crystal balls:

The U.S. economy is in the midst of the worst part of the recession, but growth may return by the second half of next year, according to economists in the latest Wall Street Journal forecasting survey.

“The intensity of decline will wane,” said Stephen Stanley of RBS Greenwich Capital. “We’ve cut out a lot of the low-hanging fruit, and it gets progressively tougher to see such rapid rates of decline.

Floyd Norris from New York Times says: “Let’s hope they are right.” These economists missed the start, but at least they are seeing the end.