US economy to recover by 3rd quarter of 2009 ? Robert Mundell

ASTANA. March 11. KAZINFORM /Aigul Tulekbayeva/ Economy of the USA wil lstart recovering by the third quarter of 2009, Nobel Prize winner in economics Robert Mundell expressed his opinion at a press conference during the break of the II Astana Economic Forum; Kazinform reports.

According to him, the crisis consequences will be felt in the future too. Now the world economy enters a ?serious recession?. ?If the Federal Reserve System continues to invest in the economy, the US economy will recover by the third quarter of 2009. The European economy ? later, at the beginning of 2010?, he said.