Recession Appears to Be Over – Fed Survey
Economic activity is stabilizing or improving in half of Federal Reserve districts by the end of August, although labor markets remained weak and retail sales were flat overall. The recession is ending and the economy is finally growing again. Adding to evidence that the worst recession since the 1930s is over. Most of the analysts say that the economy has started to grow again in the current quarter.
Survey of FED says that all but one of the Fed’s 12 regions indicated that economic activity was “stable,” showed “signs of stabilization” or had “firmed.” The one exception was the St. Louis region, which continued to report that the pace of decline in economic activity appeared to be “moderating.”
Analysts predict the economy is growing in the current July-September quarter at anywhere between 3 and 4 percent.
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