The end of the recession not indicated by the US economy
Posted by Stephen Cline on April 13th, 2010There are many indicators and factors of the US economy that seem to be staging a comeback and a turnaround. The US economy may have come back from the very brink of disaster in the form of recession. But it seems as if the constituents of the US economy do not want to admit so soon and announce the fact that the US economy may finally be out of recession. For one, the NBER or the National Bureau of Economic Research has been studying economic cycles of the US economy and it does concede that so many of the factors seem to be showing a smart recovery. But the data does not seem to be enough to herald and hail the fact as being proof of the end of recession as yet.
The NBER is quite respected as an academic organization and it has said that the data coming in is quite rudimentary. There will be still a few more months before anything definite can be said of the recovery as such. There are some who say that since growth came back in June or July in 2009, the economy has come out of recession then itself. But this is something that many do not want to admit as soon as they think it’s premature for that.
Tags: Recession, US economy