By: Alan McBride
Source: 540wfla.com
The chairman of the Federal Reserve, Ben Bernanke, said this week that it appeared the recession could end this year and the economy could see the beginnings of growth sometime during the fourth quarter.
A central Florida economist, however, said Bernanke’s remarks this week reflect a growing amount of data that indicate the worst of the recession is over. Sean Snaith is director of the Institute for Economic Competitiveness at the University of Central Florida. He said the institute’s numbers match Bernanke’s.
In other words, according to Snaith, “We think that the worst part of the recession is actually over.”
He noted that signs of life were appearing even now.
