The NYT tells us that "most economists agree that the economy probably bottomed out in the first three months of the year and they have forecast a rebound." That is a bit less reassuring that it may first sound, since these same "most economists" never expected growth to dip to 0.6 percent in the first quarter. It would be useful if the NYT presented the views of some of the economists who were not surprised by the weakness in the first quarter.
--Dean Baker
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