Officials Say We Are Coming Out Of Recession As Data Shows Improvement

September 2, 2009

US (ChattahBox) – The U.S. is slowly crawling out of the recession, and the stimulus efforts by the government have been credited for this fact. However, which programs are doing the most good, and which aren’t working? Officials can’t seem to agree.

The billions of dollars that have been shot into different areas of the economy are finally showing fruit, and not just theoretically.

Manufacturing is starting to go up for the first time since the recession began, among other data suggesting that we are truly getting out the hole we had found ourselves in.

Further improvements are being projected for the end of the year/beginning of next, where economists believe spending will increase and peak for the first time.

Experts are saying that the stimulus plan is the direct cause of this stabilization, with a percentage increase of 2 – 3% being added in the first and second quarter laying the foundation for more growth, which they say we will begin to see in the third quarter of this year’s annual results.

In fact, it is being said that growth will be an estimated 3.3% by the third quarter.

“Without that extra stimulus, we would be somewhere around zero,” Jan Hatzius, chief economist for Goldman-Sachs, was quoted by The Wall Street Journal.

It is still unknown as to what program may be having the greatest effect, and some industries are expected to decrease again, especially those motivated purely by sales, such as the auto industry.

But larger markets, such as real estate, will hopefully continue to stabilize and increase, leaving the economy feeling the effects.


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