Economic Recovery on its way?

Back in April I did a brief presentation on an article for my Advanced Financial Management class. The article talks about how the economy is still deteriorating but at a slower pace. Ben Rooney, the author of the article talks about 109 businesses being surveyed on if they showed any signs of improvement in the first quarter of 2009. There were more firms that showed signs of improvement than not. Although, this might be a good sign there is still a lot to be done before the economy actually starts to pick up such as taking care of rise in unemployment rates.

Some economists predict that the economy will start to improve fourth quarter 2009 or first quarter 2010. This is the timeframe where they believe that GDP growth will be positive unlike now.

The article’s a good read and is a good insight on first quarter performance of the US economy in 2009.

Here is the link:

Business Survey Shows “Recession is Abating”

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