Is the recession over? Clevelanders don’t seem to think so.

Friday, October 30, 2009
Topics: Economy
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Recent news that the Gross Domestic Product grew by 3.5 percent last quarter have many economists declaring the end of the recession, but the American public doesn't appear convinced.

Recent news that the Gross Domestic Product grew by 3.5 percent last quarter have many economists declaring the end of the recession, but the American public doesn’t appear convinced. According to American Research Group, as of about a week ago more than half of all Americans still thought the U.S. was in a recession. Another quarter of a percent said they were undecided about the state of the economy. We put the question to shoppers at Beachwood Mall last Thursday evening, and virtually no one we spoke to was buying that the recession is over.