Is the Recession Over?

Is it really? It sure doesn’t feel like it! (I’m losing my corporate fat-cat job at the end of this month. Yikes!)

No, two of the best and most objective forecasters, who are not connected to investment banks or to the CNBC noise machine, have recently called the upturn. Macroeconomic Advisers, the St. Louis-based consulting firm that compiles a monthly GDP index, reported to its clients Monday that while second-quarter GDP was tracking at negative 0.1 percent (recession), the third quarter was tracking at 2.4 percent growth.

The recession is over! (Technically.) – By Daniel Gross – Slate Magazine

billspaced

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Franchise UK - July 21, 2009 Reply

The spin from government seems to be that the economy is on the up but then of course they would like us all to believe that. However, as already mentioned here I think forecasters and analysts not connected to the government or powers that be will give a more accurate view. I would be skeptical of any real sign of recovery in 2009 in any case.

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