It may be hard to believe, but the heretofore bumpy economic recovery is gaining momentum and is very likely to deliver a positive surprise in 2012.
Though it’s a still a contrarian view among economists, more are starting to profess optimism, abandoning the reflexive pessimism of recent years, when the economy often disappointed.
"People are primed for what’s going to go wrong next," says Chris Rupkey of Bank of Tokyo-Mitsubishi, who’s among the most optimistic. "Part of the problem is people think we’re not back to where we were before the crisis, so they downgrade their forecast," he says. "I think we’re working through this. There’s no pushing us off the recovery track."
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