Signs of Hope in U.S. Economy

April 12, 2009 by admin · Leave a Comment
Filed under: Economic Outlook

It is already in the 16th month of recession now. It is anticipated that the global economy would be driven by improvement in consumer spending, housing, business inventories and exports.
According to Barack Obama, though still under severe stress, the U.S. economy is starting to show ‘glimmers of hope’ and more steps will come to brighten the business climate. A survey released yesterday appeared to back such optimism, indicating that the U.S. economy will emerge from recession in the second half of this year.
Mr Obama announced that he and his advisers discussed a programme to help banks clear their books of bad assets that have made normal lending difficult, if not impossible.
But at the same time, the Blue Chip Economic Indicators survey of private economists still warned that due to the huge output gap created by the recession, the unemployment will continue rise into 2010.

Tags: change in US economy, economic recovery, economy turnover, hope in economy