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World Economists Predict Tuff Times until Mid 2010

Monday, February 23, 2009

World Economists now claim in a survey that the recession will be far deeper than was previously expected. Now is anyone surprised? I'm not. They claim that the first half of 2009 will be a continued downward spiral of problems, with continued rising unemployment and the failing of businesses. But the second half of 2009 should prove to have modest gains, and then the boom in 2010 to follow. That is the expectation of the leading world economists. All this rests on how fast the lawmakers can get the money distributed as directed in the economic stimulus plan. Care must be taken on how it is done, as reckless handling of the money could actually hurt the administration. It is extremely important that the money be released as soon as possible, but at the same time, must be designated properly to all whom are destined to receive it.
As expected in 2010 with a solid recovery in motion, President Obama should cement his chances for re-election, as early as this 2nd year of his first term. Of course, other worldly issues may pop up from then until the elections, but President Obama seems capable of handling any issue, or at least an issue that immediately effects the people. He was hired to serve and protect the people, and regardless of what the conservative movement thinks or may say at the present time. Most people would agree that the United States would be the leader in the recovery from this global recession, followed by China, then Canada.
The unemployment rate would be the number one indicator of the success of the stimulus. When jobs start climbing instead of dropping, then people will gain confidence again, which will trigger more spending and business will again start to flourish. Technically then, the recession will be over.  It will be interesting to see how America can bounce back to pre-recession economic levels, while watching how the stock markets recover.

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