The US economy is not out of the woods yet, but the worst of the downturn will probably pass this year, as various components of the stimulus thrown at it will start to show results, White House adviser Christina Romer told CNBC Tuesday.
"For the overall economy I think we are likely to bottom out this year," Romer said.
Unemployment is a lagging indicator and it is hard to say whether it will peak this year of the next, but the measures taken to create jobs will work, she added.
"That stimulus package has just started. We expect it as we go through to 2009 and 2010 to be a big job creator," Romer said.