Economic outlook remains cloudy

04/06/2009
In the final days of March, market analysts saw some indications that the economic crisis might be nearing bottom and could perhaps rebound in the second half of this year.The Commerce Department reported that consumer spending increased by 0.2% in February. Analysts at Pritchard Capital Partners LLC, New Orleans, noted Mar. 20 that crude prices had gained more than $20/bbl, or 59%, from earlier lows of $33.98/bbl, while Department of Energy data for 2 of the previous 3 weeks showed increased US demand from 2008 levels. The average US retail price for conventional gasoline climbed to $2/gal for the first time since November. Still, Adam Sieminski, chief energy economist, Deutsche Bank, Wa...
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