The European Union admitted that their previous forecasts were way off... the recession will be longer and deeper.  This seems to be the trend for all forecasts.  If economists would start looking at things as realists, rather than optimists, then their forecasts might actually be accurate.  So far this has not been the case... they keep pushing back the same forecast month after month.  Just say late 2011 is when we'll recover and you'll be close...

Read more here.