Bar chart showing the monthly US unemployment rate since Aug 2008. Finance chiefs said the global economic crisis was far from over as ministers from the Group of Seven leading rich economies met in Istanbul amid concern about the weak US dollar.
More than 80 percent of economists believe the recession is over and an expansion has begun, but they expect the recovery will be slow as worries over unemployment and high federal debt persist. The forecasters upgraded the economic outlook for the next several quarters. Forecasters now expect the economy, as measured by gross domestic product, to advance at a 2.9 percent pace in the second half of the year, after falling for four straight quarters for the first time on records dating to 1947. They expect a 3 percent gain in 2010.
No comments:
Post a Comment