The US economy is showing signs of recovery
Posted by Stephen Cline on April 24th, 2010The US economy is showing signs of recovery
The US economy is showing many signs of recovery and this is an encouraging trend that a lot of folks have been looking forward to. The economic stimulation by the government has been quite effective in ensuring that some of the indictors are firing such that the economy could be rebounding back. It is also being seen that the US economy is rebounding back more than some of the other economies around the globe that had been affected by the recession. The IMF has forecast that the US economy will grow by as much as 3.1 percent with the countries in Europe expanding only by around 1% and Japan by 1.9%. This is no comparison with economies like China that may grow 10% and Indian by as much as 9.9%.
It is heartening to note that the US economy is bouncing back after such a huge slump and this has stopped a prolonged depression. The only thing that is worrisome is the fact that most countries are pumping in huge amounts of money as part of their bailouts and this could lead to inflationary pressures all around. The stimulus program in the US economy may have boosted the growth by 1 % point, which is not bad.
Tags: recovery, US economy