IMF finds a chance for limited up-front economic adjustment in case downside hazards turn up. The experts opine that US is capable of affording a slow pace in case the economy faces a weak phase once again. The recovery the US economy, however, depends on the support of the public policies. If it is decided to withdraw the same, the US economy may face the peril of getting back to recession once again.

The plans that US has chalked out to reduce the deficits are no less than vague. They seem to be depending hugely on growth to the recovery for the sake of the entire economy. This sounds like a totally unconvincing plan, to begin with. United States of America risks of getting itself in significant and fundamentally pointless long term threat by prolonged borrowing in a high scale.

US is witnessing a fast shrink in credit and money once again. The solution does not lie on stimulating the fiscal, which has been a source of profit for Chinese exports rather than American job prospects. The Federal Reserve of USA must ease down on quantitative scale by purchasing more Treasury securities. This possibility of public support has already been raised last Fed minutes.

The central back must not get ready to change his focus a more forceful pumping credit through the economic system. The present situation holds the risks of deflation like that of the Japanese. Fed has expressed its intention to keep low rates for a comprehensive period.

HOK International, a team of London architects, helped New Delhi design its terminal in its international airport, which will consequently guide the passengers to a less hectic way of entering the gateway of India’s capital, starting from July 14. The international airport has been instrumental in linking India with the rest of the world for the last 24 years. The newly made terminal is sheathed in glass-panes with figures of dancers from India etched on it.

The airport building can be compared with any contemporary aviation hub of Singapore, Hong Kong and Dubai. It has got the retail space of 215,000 sq ft with 97 computerized walkways, 78 gates and 95 immigration cells. It has got the capacity to accommodate 4,300 cars for parking. The terminal may be one of India’s very first steps to overcome the poor infrastructure. This terminal cost about $2.2 billion including other renovations. It took 37 months only to build this terminal.

6.5% of India’s GDP is spent on its infrastructure while China spends its 11% for the same. It takes 3.8 days on an average to load and unload cargo at the major ports in India while it takes 10 hours in Hong Kong for the same. In the same process, the holdups at Indian airports make a huge impact. Not only Shanghai and Beijing have wonderful airports, but the connection between the global economy and theirs is quite strong. India has to develop in leaps and bounds to match with the bigger names of the world economy.

The US economy has successfully overcome the recession that rocked the world months ago. However, since that high note, the US economy has again gone low on its curve. The incredibly slow pace of growth is surely enough to think about the durability of the recovery once again. The drooping economy is sure to make news for all the wrong reasons in the weeks to come. This slowdown is going to be a primary concern in the hectic week of US economic data. The financial policies will strictly be noticed in the process.

Contrary to the popular fear, the US economy may not see the dark days it saw before.

The week starts with the congress returning from the break. Now it is going to deal with the bank reform and Kagan nomination. This week includes reports from major companies like Citi, AMD, GE, Bank of America and Google.

According to John Silvia, the US economy will continue to grow this summer in spite of the slowdown. Silvia, the chief economist at Wells Fargo Securities, forecasts one of the lowest growths for the latter half of the year, i.e. 1.6%.

The coming week will see three major reports on inflation. All three of them are expected to show minor inflation while keeping low rates for the maintenance of overall growth. June was a month when the prices of imports and wholesale dropped while the consumer prices remained flat.

The trust that is shown by the treasury secretary on the effective management of the European turmoil is very reassuring. The belief that the strength, improvement and confidence shown by the U.S. economy in the last year is more than capable of withstanding the effect of the political and economic ripple caused on its sister continent.

He assured the European governments of helping them manage through these difficult economic times in a sensible yet effective way and stand by them through supporting the international Monetary fund in which it has a 17 percent stake. His and his associates have shown a lot of concern and are very confident of a solution to bring these markets out of the dark.

The two issues of importance that Geithner skirted out are the huge amounts that the U.S. banks hold as sovereign debt in European nations and the potential problem of losing a large market such as Europe for trading goods produced by the American companies.

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A lot of people are of the firm opinion that the US economy has some inherent strengths and resilience that should be encouraged and emboldened by means of encouraging small and medium businesses that had been impacted bad by the US economy recession.

Bank lending is quite weak, even though the banking system is limping back to normal. The unemployment rate is still close to 9.7% which is huge and quite unacceptable by any standards. Layoffs seem to have eased a bit, but a lot of companies are still not recruiting new hires to any appreciable levels.

If you wanted to be a civil engineer and ended up being a financial engineer, you may have the US economy to thank for it. The country is facing a huge shortage of qualified civil engineers as well as natural scientists and an over abundance of financial engineers. And what do the financial engineers have to show for the millions that they earn in salaries and bonuses? You have financial derivatives that have all but wrecked the US economy and brought it to its knees. These have also severely threatened the global economy as a whole.

If you look at what went wrong with the idea of becoming a civil engineer in the last two decades or so, you will get to know the reason for this trend. People who got into financial management (and later mismanagement) started earning top dollars in Wall Street, which could not be matched by those who opted for natural sciences or engineering based professions. It has become rather an aspiration to get into the ‘high’ world of finance. Given the lows that the economy had to face due to the world of high finance, everyone seems to be ruing the decision to promote these financial engineers way above their true worth.

But it is also clear that the way back out of the woods was still some time away given the magnitude of the problem. It does seem as if the double dip recession is receding little by little. But the employment report is seen to have thrown up some encouraging trends. As GDP increases, the economy sees better demand for goods and services. After this comes longer work weeks, which are in turn followed by greater demand for employees by the private sector, fueling more job creation within the country. All of these positive signals of economic recovery have been visible in the recent past which seems to signal a claw back from the recession of the past.