Has The Recession Ended 2010?

We're finally in 2010 and by now the recession should have ended. Last year I read some economists say the Economy was on track again and that the recession almost ended.
If that was true then it means that now in 2010 the recession should be over. Right?
So what's the official word? Has the recession in 2010 ended? Is it over?
Was Obama part of the economy getting better?

asked by Valentine in Personal Finance | 2432 views | 04-25-2010 at 10:52 PM

The recession began in December 2007.

Economists are becoming more optimistic that debt-fueled state spending plans and near-zero interest rates around the world are helping crush the threat of a global depression.

Federal Reserve Chairman Ben S. Bernanke said the worst U.S. recession since the 1930s has probably ended, while warning that growth may not be strong enough to quickly reduce the unemployment rate.

ďEven though from a technical perspective the recession is very likely over at this point, itís still going to feel like a very weak economy for some time,Ē Bernanke said at the Brookings Institution in Washington, responding to questions after a speech.

The United States is going through something unprecedented: The collapsed credit/real estate bubble (which followed the collapse of a stock bubble), and the attendant economic consequences (not the least of which has been the distinct inability to create jobs on the heels of a brutal bloodletting), have prompted a massive outpouring of quantitative easing.
The economy stopped getting worse sometime during last year.

So apparently the recession has ended in 2010.

Make no mistake, millions of Americans are still without jobs or struggling to pay their mortgage. But a wide range of economic indicators are showing signs that maybe the worst is over.

answered by Jude | 04-25-2010 at 10:58 PM

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