Tuesday, March 11, 2008

The economist from UCLA about American recesion

UCLA
American economy will get narrow in the final part of the year, but will not go in recesion, because the crisi in mortgage sector will start to go out in the second part of the year. Finally, the economy of USA will turn back into its normally features and will continue its development, commented the economist from UCLA in Reuters.
"The economy indexes are weak, but still are not allowing us to announce the beginning of the recession", commented they. "Out prediction for running away from the recesion this year are staying in power", continued the economists.
The decrease of working places in the country is normal, if we have in mind tha restricted development of the economy, but this still means, that recesion is fact. The user requesting has a delay with moderately values, again because of the crisis in the mortgage sector and weaker dollar.
Today, the people are just leaving their homes, because the price fell too much and they are not good invest. They stop paying of the mortgage, but keep their work and go ahead. So today, the problems with property sector still are going so easy to the users, as in the past.

No comments: