May.01
2:41 PM ET
Here's a green shoot for the first day of May. After months of growing gloom, a Wall Street economist actually changed his GDP outlook for the better.
Today, J.P. Morgan chief U.S. economist Bruce Kasman upped his GDP forecast for the second quarter from -2 to nearly flat, or -0.5 percent, and said he expects the recession to end at mid year.
He also raised his growth forecasts for the fourth quarter of 2009 and first and second quarters of next year by a full percent each.. He maintained the third quarter, 2009 GDP at 1 percent growth.
Semoga benar deehhh...
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