Monday, January 19, 2009
When will the economy recover?
Pundits say that the recession started in December 2007. By December 2008, world economy has been in recession for 12 months. A typical US recession lasted for about 12 months and a typical worldwide recession lasted for 12-18 months. Now, we are into the 13th month of recession. Should the US economy recover in 2nd half of 2009 or it would recover in first half of 2010? When would the worldwide economy recover?