| Table of Contents: | | | | GEOGRAPHIC REGIONS : NA, United States | | | | TOPICS : economy, consumer, employment, fiscal, growth, monetary, policy, prices, debt, exchange rate, finance, wages | | | | SIGNIFICANCE : While the 3.5% annualised GDP increase in the third quarter of 2009 suggests the prolonged, deep US recession has ended, uncertainties loom about the outlook for growth in 2010. Persistent weakness in employment hints that any recovery will be slow and fragile, but historical evidence suggests that deep recessions tend to be followed by sharp rebounds. |
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