The economy has probably bottomed, but the turnaround is at least nine months in the future.rnThat was the view presented by Douglas Holtz-Eakin at the Material Handling & Logistics Conference sponsored by HK Systems in Park City, Utah, one year after the collapse of the U.S. banking system.rn"The economy is showing signs of hitting bottom," said Holtz-Eakin, an economist and former director of the Congressional Budget Office and former chief economic policy adviser to John McCain's 2008 presidential campaign. "But I expect that growth in the second half of 2009 will be flat, and I don't see a return to growth until the second half of 2010."
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