Mark Zandi, chief economist and co-founder of Moody's economist.com, said the current recession, the most serious one since the Great Depression in 1930s, will end in 2009 followed by a weak growth in 2010 and a much stronger growth in 2011-12.
According to Zandi, the recession will end this year largely due to America's massive monetary and fiscal stimulus.
"The economy will come back in 2010, but it won't come roaring back next year as the still weak housing and vehicle markets and the troubled financial system will constrain the availability of credit to households and businesses," he said in a written interview.
"I do expect the US economy to enjoy much stronger growth in 2011-12 as these impediments to growth fade and growth in the rest of the world improves and lifts US exports," he explained.
US economist: recession will end this year