United States may emerge from the crisis later this year

Government Regulation igry06-05-2009 United States may emerge from the crisis later this year, the American economy needs to get out of its dive and began to grow again this year, said Federal Reserve Chairman Ben Bernanke, speaking before the Joint Economic Committee of Congress . However, Bernanke warned, even if the recovery does start, the business activity in the U.S. is likely to be restrained. This means that firms will take a cautious approach in creating new jobs. Thus, the unemployment rate still remains high, and probably will continue to increase in coming months. We recall that the recession that the U.S. is fixed at the end of 2007, has already cost the U.S. labor market 5.1 million jobs. Economists predict that the U.S. unemployment rate jump to 8.9% in April (from 8.5% in March), as employers continue to eliminate hundreds of thousands of jobs. According to a government forecast, by year-end unemployment reaches 10%. Even with all the caveats, the Fed chairman gave a much less rigorous assessment of the economy than before. "We continue to expect that economic activity will reach the lower limit, then rise later this year" - he said the legislators. Recent economic data offer hope that the grip of recession may diminish, "Bernanke said.