PxPixel
Economic recovery expected to take a while - Trade Only Today

Economic recovery expected to take a while

Author:
Publish date:

One result of the recession is the mothballing of the country's means of production, such as boat manufacturing plants, workers, retail outlets and bank lending, according to a recent report.

"So even if the recession miraculously ended tomorrow, economists estimate that at least three years would pass before full employment returned and output rose enough for the economy to operate at full throttle," a recent New York Times article reports.

While stock market investors have embraced tentative signs of improvement in the mortgage market and elsewhere, even a sharp pickup in demand for products and services will take considerable time to play out.

Click here for the full article.

Related

A hell of high water

Forecasters were not surprised by slow activity early in the 2018 hurricane season, but some have a different concern as they look ahead to the peak of the season, which starts around Aug. 1.