Software major Infosys today said the economy will recover by the end ofthe year or early next year going by clients' feedback suggesting that theworst is behind them.

"When we talk to clients, they say that it looked like the worst for themis behind and they might have hit the bottom," Infosys TechnologiesLimited CEO and MD Kris Gopalakrishnan told reporters here today on thesidelines of a function here.

After hitting the bottom, "Recovery probably will happen by the endof the year or early next year," he said. However, he cautioned that theeffects of recovery would not be immediately felt by the IT industry.

" (The) IT industry was lagging behind. We saw the downturn hit usslightly later. Recovery will also see a slight lag. Companies will beginspending only when they are comfortable that recovery has taken place," hesaid.

The recovery for the IT sector could lag by a quarter behind thanoverall recovery, he opined.

However, he cautioned that "there is still uncertainty" andthe question of certain events impacting could not be ruled out.

Citing the example of General Motors plunging into bankruptcy, he saidits possible implications on the automotive sector, manufacturing sector,impact on overall economy should be kept in mind, considering such events couldimpact recovery.