US economy paints a mixed picture
Better manufacturing data in conjunction with a weak labor market painted a mixed picture of the US economy, despite some experts saying there is a possibility of the infamous “double dip” effect. U.S. Treasury Secretary Timothy Geithner stated that the Whitehouse may have to use additional measures later in the year such as subsidized bond programs. He added that despite some economists saying that we coming put of recession, the real sign will be when more US workers are getting back into jobs.
The economy in the US is expected to return to growth very soon, with Germany, Japan, France and Hong Kong already having started to recover. So with major European economies emerging from recession, there is a better chance that the US and the UK will also start to recover as they will increasingly import US goods.