LCSN: Recession could be over, but recovery expected to be slow

September 22, 2009. Retrieved online September 22, 2009 from Brook Stockberger, Las Cruces Sun-News

Recession could be over, but recovery expected to be slow

“LAS CRUCES – Is the recession over? More and more signs point to an answer of “yes,” but that does not mean the economy can be labeled “good” anytime soon.

On Monday, The Conference Board – a private-sector group that regularly releases an index of leading economic indicators – reported that its forecast of economic activity rose in August for the fifth straight month. That news came less than a week after Federal Reserve Chairman Ben Bernanke said that, “From a technical perspective, the recession is very likely over at this point.”

“It is probably over,” James Peach, who teaches economics and international business at New Mexico State University, said of the recession. “The question is, what kind of recovery are we going to have?”

Read the article.


This entry was posted in News and tagged , , , , , , , , , , , , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.