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Politics : Formerly About Applied Materials

AMAT 295.83

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Jan 6 3:59 PM EST

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To: StanX Long who wrote (58630)	1/10/2002 1:11:22 AM
From: StanX Long	Read Replies (1) of 70976

Blue Chip Poll: Recession Just About Over January 10, 2002 00:02:00 AM ET news.moneycentral.msn.com By Caren Bohan WASHINGTON (Reuters) - The U.S. recession's days are numbered, an influential panel of economists predicted on Thursday. Blue Chip Economic Indicators, a monthly newsletter, said that more than 90 percent of the private economists it surveyed for its January issue pegged the end of the recession as taking place sometime before the end of March. ``Fresh evidence has emerged that suggests a bottoming in U.S. economic activity is well advanced and that a recovery will take hold relatively soon, barring some new shock,'' the Kansas City, Mo.-based newsletter said. Blue Chip cited gains for the past three months in consumer confidence and a more stable employment picture as two of the signals of an imminent recovery. The U.S. economy lost 124,000 jobs in December, according to the Labor Department's monthly employment report released last week. While the shrinkage of payrolls implied continued weakness, economists were encouraged that the job losses amounted to a fraction of the 400,000 monthly job cuts averaged in October and November.

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