A series of reports this week have shed some light on the current economic situation around the world. Through the past few weeks many economic analysts had begun to speculate that the economic recovery was slowing; today however it seems the economy is actually still recovering.
The good news came in the form of Federal Reserve data releases that show consistent recovery in various aspects of the economy in the United States and worldwide. The biggest indicator of growth however is the confidence of many banks and lending companies; unlike a year ago many banks and lenders are much more willing to lend money and as a result the economic situation is slowly beginning to turn around.
As for the recent signs indicating that the economy was not recovering most economic analysts have determined the cause for that. The massive natural disaster in Japan had a significant impact on the economic recovery; fortunately it seems the worldwide economy has successfully managed to make it through the natural disaster.
Of course analysts still don’t know when the economy will be officially out of the recession. At this point many of the world’s stock markets are also beginning to recover so overall economic advisers around the world are hopeful that the economic situation will eventually be back to normal sometime in the future. As for now however it is simply good to know that nearly everyone agrees that the economic situation is improving all around the world.