|wanzulfikri ||12-18-2011 10:32 AM |
Is it recession now in America?
I kept hearing about the recession in America and I wonder if it is true?
|SnerpGoodWord ||12-19-2011 09:33 PM |
By standard economic definitions, it's not a recession. GDP growth is positive. But there are substantial economic problems in the US, mostly related to high unemployment.
|Books ||12-21-2011 05:49 AM |
The real economy is growing. The financial system isn't stable yet which is hurting the rest of the economy and holding it back. We are in a holding pattern. If or when we get a true indication that the problems are finally cleared out of the system we should see a large jump in growth.
It could take a year to happen or it might take ten years to happen. What matters is how the problems in Europe,Japan,China and the United States are handled.
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