The main experts in USA have proclaimed that the recession of US economy may have come to a halt and there are promising signs of recovery. This is not only good news for USA, but for everybody as US economy has a worldwide influence. Let’s hope that these predictions turn out to be true.
The Dow Jones index rose by 1 % and European markets also increased. US government officials said that it seems that the economy has recovered from the hardest blow, but they also warned that unemployment level will decrease only step by step. Still European officials remind that this recovery is very fragile. In fact US officials acknowledge this fact and do not promise a miraculous fast recovery. The general assumption is that the recovery will be a long and hard process and that at first the progress will be very slow. The International Monetary Fund (IMF) had earlier predicted that the economic growth of USA next year will be zero or even negative, but now they have changed the prognosis to 0.75 % growth.
The positive headlines of the different markets have had an impact on worldwide economy as most countries are starting to pull out of the economic crisis. The general fear of total financial collapse seems to have vanished or at least moved further back in our minds. I really hope that USA has defeated the global economic crisis as it only can mean good news. Let’s be real, the crisis will not stop in one certain day. It will be a long and demanding process, but we have to start somewhere. Stability and a certain financial safety is the key to overcoming the global economic crisis. An increasing consumer spending is the best news for every country in the world. Let’s hope that the good news of USA will convince their people to believe in a recovery.
