Brighter outlook with bumps

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Brighter outlook with bumps

机译：前景更加光明

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The recession has been officially over since July 2009 and inflation-adjusted gross domestic product has now expanded for six consecutive quarters. While recoveries in the past have often begun with periods of robust growth, however, the economy has eked out on average only 3% annualized growth—far less than what's needed to bring back all the jobs that were lost. A range of macroeconomic statistics over the past few months point to stronger recovery ahead. Business orders are continuing the broad-based growth of the first quarter, non-government hiring has turned stronger, and stock prices are rising while the dollar softens—all are supporting growth.

机译：自2009年7月以来，经济衰退已正式结束，经通货膨胀因素调整后的国内生产总值现已连续六个季度增长。尽管过去的复苏通常始于强劲的增长时期，但经济平均仅勉强维持了3％的年化增长率，远低于恢复所有失去的工作所需要的水平。过去几个月的一系列宏观经济统计数据表明，未来的复苏将更为强劲。商业订单继续保持第一季度的基础性增长，非政府部门的招聘变得更加强劲，股价上涨，而美元走软，所有这些都在支持增长。

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《ABA banking journal》 |2011年第5期|p.12|共1页
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