Stabalizing Economy

So reading the Wall street Journal today i saw some very interesting facts:

First off Timothy Geithner (Treasury Secretary) said that : “Only 17 of the 182 economies followed by the IMF are expected to grow faster this year than they did last year. Some 71 — including 30 of the world’s 34 advanced economies — are expected to shrink. The collapse of world trade is will likely be the worst since the end of World War II.”

giving a pretty good idea of where the global economy is at the moment and what the results of global recession are.

Also on: http://online.wsj.com/public/page/news-economy.html
we see the projected GDP, CPI and unemployment rates for the rest of 2009.
It seems that the greatest amount of fear has past by since GDP is expected to be slightly positive in the 3rd Q of 2009 already and a a whooping 1.9% up in the 4th quarter.

Yes there are still many negative signs in the market place but it seems that the economy is expected to have made the turn around for the year is over. The fact that unemployment is continuing to grow is that it is a laggard to the economy.
Don't be fooled by continuing news of increasing unemployment... the economy is growing again