Apr 20, 2009

Economy 'Spiraling Down More Slowly'

That's the most positive statement heard from economist Nouriel Roubini on the crisis. We can't keep score of the recovery like a basketball game, but we just made a three-point shot.

And here's what looks like a turnover:

Some analysts suggest that the second derivative of growth is turning positive, that means that although the economy is spiraling down, it is doing so more slowly, the first step towards stabilization(Economist). However even if it does so, the recovery may well be very sluggish in part because synchronized global recessions and those accompanied by financial crisis tend to be severe and forestall quick recoveries (IMF)

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