The Federal Reserve chairman Ben Bernanke says the US economic recovery will bounce back in the coming months. Mr Bernanke told reporters that growth had been slower than expected this year but said force would build in the second half of the year
Barely feels like an economic recovery?.. says most home builders! Almost two years after the recession ended, the swiftness of construction is inching along at less than half the level considered healthy. Single-family home building, the bulk of the market, has dropped 11 percent in that time.
The reason why economist think like that is solely because they predict the American will shop and spend more freely in the coming months. Higher stock prices have made people wealthier. And a cut in the Social Security payroll tax is giving most households an extra $1,000 to $2,000 this year. American businesses , exports and corporate spending, which have helped drive the recovery, are also expected to remain strong
Japan’s earth quake and tsunami’s after effects brings catastrophe sheer catastrophe! This natural disaster threatens to significantly hinder the nation’s economic recovery, perhaps spreading to other nations globally. The lives destroyed t by the earth quake and tsunami may be