How has the economy started to recover?
I still know of many people who are loosing their jobs.
Asked By: tallzac23 - 5/31/2009
Best Answer - Chosen by Asker
It depends on which country you are looking at. Japan or Europe do not look like they will recover any time soon. Britain for instance reported only recently its steepest quarterly decline in 30 years, Japan looks like it is going back to a deflationary environment and a liquidity trap with little hope of finding ways... More
Answered By: I didn't do it! - 5/31/2009
Additional Answers (1)
Employment is a lagging indicator. It will not increase until well after GDP has turned up. In the first quarter of this year, GDP was off at a slightly smaller rate than ion the fourth quarter. That's a small directional improvement. And them the stock market, which is usually a 6-9 month leading indicator, was fairly... More
Answered By: SDD - 5/31/2009
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