FTR: Worst of Recession May be Over

FTR Associates is forecasting the economy will stabilize in the third quarter, followed by a moderate recovery in 2010 with GDP growth estimated to rise 2.7 percent, data the firm says suggests the worst of the recession is over.

FTR, which tracks the railroad and truck equipment markets, said although it sees the recession gradually moderating, it also cautions that it will be a hard road to recovery.

“The anticipated slow improvement in the economy means that difficult conditions will persist for some time for commercial vehicle suppliers,” FTR said.

Contact John Gallagher at jgallagher@joc.com.