Business and financial news - CNNMoney.com

Sunday, August 2, 2009

Have we hit the bottom?

NEW YORK (CNNMoney.com) -- A government report Friday showed that the economy is no longer falling off a cliff, but that doesn't necessarily mean we can slam the door on the recession.

The economy continued to contract, albeit at a much slower pace, in the second quarter. But since GDP is a trailing indicator, some say more evidence is needed before a bottom can really be called.

Ask three economists, get three different answers. And that's exactly what CNNMoney.com did. Read on and decide for yourself.

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