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Economic Heading Towards Recovery |
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Friday, 08 May 2009 |
The recent economic recession can be considered as one of the most unforgivable scenario. Not only the recession has caused billions of dollars in economic losses, in fact, there are already millions who lost their jobs in America.
However, I do praise President Obama’s efforts to revive the economy. Even US Treasury department head Bernanke mentioned that the recession is slowing down and that with the current market bull run, the economic might just head to recovery, sometime end of this year.
On the brighter side, Obama’s stimulus packages have already created thousands of jobs in the healthcare industry. This somehow provides a cushion for the economy as it generally gives a rather good impression that the economy might just survive the current onslaught.
The main question remains, would the economy generally recover by the end of this year judging from the fact that the stock market has risen to a healthy level?
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