GMAT Sentence Correction (SC) | Re: Although a surge in retail sales have raised hopes that

Although a surge in retail saleshave raised hopes that there is a recovery finally under way , many economists say that without a large amount of spending the recovery might not last.
(A) have raised hopes that there is a recovery finally
(B) raised hopes for there being a recovery finally
(C) had raised hopes for a recovery finally being
(D) has raised hopes that a recovery is finally
(E) raised hopes for a recovery finally

POE(Process of Elimination)
1.Subject issurge ,which is singular and
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