Recession in US likely to be ended in Q3

by khalid on 20/08/2009 · 2 comments

recession

According to the most recent survey of private economists in US, the worst U.S. recession since the Great Depression will probably end in Q3, but there is uncertainty over the speed and duration of the economic recovery.

This upbeat assessment followed recent government data showing GDP contracted at a shallow 1.0 percent rate in the Q2 after sinking 6.4 percent in the January-March quarter

In a recent survey, two-thirds of respondents believed the economy was set for a U-shaped recovery, marked by below-trend growth in gross domestic product before stronger growth took hold in the second half of 2010.. About 17 percent of the respondents anticipated a V-shaped rebound, where growth pulled back to its trend rate on a sustained basis, while the same percentage fretted that a W-shaped recovery could follow.

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{ 2 comments… read them below or add one }

TechZoomIn August 20, 2009

Hmm good new for us..specially for s/w engineer like me 🙂

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khalid August 20, 2009

Hi Lax
good to know that you are a s/w engineer, my son too a s/w engineer in banglore, I know past one year was not good for IT industry but now its easing day by day.
khalid

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