Worldwide Recession Coming to an End?

With recent improvements in the economy of Europe, Asia and the U.S.. hopes are being raised that the worldwide recession might be coming to an end pretty soon. But experts believe it might not be over as soon as we hope it would. Many question if the top economies of the world can actually maintain recoveries after stimulus spending and easy-credit policies have been in place for quite some time now and there has been a considerable absence of consumer spending. It is also believed that it will be really hard for other countries to come out of their recession if the U.S. doesn't come out of its recession and begins growing again. After an alarming fall in Europe in late 2008, France and Germany have reported a small improvement in their economy this year. Other European countries have also reported a small improvement even though they are still struggling and having a hard time with their economy. China, Japan, Hong Kong, Singapore and South Korea have also began seeing recoveries thanks to government stimulus spending. Russia, one of the hardest hit countries has also began to become stabalize even after oil prices dropped and many foreign investors left the country. According to the Federal Reserve, things here in the U.S. seem to be "leveling out." But until consumers begin spending again and people continue to lose jobs, any recovery or improvement is still questionable. Retailers in the U.S. reported that consumers continue to control all of their spendings and consumers haven't seen any change in their lives despite everything. So many jobs have been lost since the recession first began that many experts belive that the unemployment rate will remain high even after the economy really begins to show improvement. Many unemployed Americans have lost unemployment and other benefits and are now spending their savings and others are saving more than they are spending. the latest statistics suggested that the recession is already in its final moments, while others suggest that it is already over. But economists continue to have mixed feelings and some continue to be optmistic about what the future holds for the economy. We still have a long way to go and we don't know what the future might hold for us but it is always important to remain optimistic in times like these. We have already began to show a slight improvement and maybe things will be back to normal really soon.