Do You Think the Economy is Recovering?

Ofcourse yes. The government is doing its best to promote employment. The discovered proof of oil deposits in the Spratly Island which as of now is under exploration already, the fast-tracking of all Mining Exploration permits(this will serve as tool for a fast and additional inbound flow of currency to our economy). However, the Philippine Economy is doing good. OK? Lets just dont speak about politics because its going to ruin our economy. ^^

That's what most of the news say, an alleged recovery of Economy... But then my grand dad mentioned, "If you have enough money, then you won't feel the recession". And I think he has a point there!

It's a long, long way to recovery, but if the authorities are correct, the worst is over, and I guess that's the most important. I prefer to be optimistic about all these. I hope to see an improvement in the employment rate and other economic indicators in the near future. I hope it happens soon.

it's not a recovery, it's a cover up... kind of like you let a piece of bread fall onto the floor and neglected to pick it up. well, days later, you notice that mold has started growing on it, so you layer a few hundred dollar bills over it to hide it from your view. later, you notice that the mold had eaten through those hundred dollar bills. so, well, you add a few more layers, and then more after that, then more, and soon, you have a giant mold monster that has developed a strong appetite for hundred dollar bills! they have done nothing to address the underlying problems that caused the problems to begin with.....and, considering how much money they've thrown at the problem, well, our economy should be in hyperdrive! there isn't a recovery!

Yes there is somewhat recovery in USA. And due to bad credit policy it all happened. I dont know much about there but if i talk about my country. Here there is really not a big effect just a big media hype and companies are just taking the advantage of this. They are exploiting their employees with the name of recession. In telecom sector which is one of the most booming sector the bigger companies like reliance whose subsriber base increased per month by 5 million per month, says that they are affected. and on the name of cutting cost making people unemployed. Now you can understand what really a recession is.

I really dont think the economy is improving, people are so desperate to revive the economy some do more bad than good =P

Myself I think in a lot of industries that the recession is begining to stabilize, meaning not getting better and not getting worse. There are some companies that show the recession is getting better for them. It is also that time of year when people are buying this that are needed. New clothing for the winter, boots and so on so we shall see. I think it will be going up and down for the next year or so.

I don't see an improvement here in Florida but, then again, we depend heavily on the tourism industry and folks have to have extra money in order to take a vacation. We have a lot of road projects going on but not enough to have a significant impact on our unemployment rate. I've read that it could take years before we return to where we were in 2007 & 2008. Overall, I've seen some signs of recovry in some industries but I also believe that the improvement in the automobile industry was artificial, due to the Cash for Clunkers program, and will return to it's previous state.

I feel you if you don't see recession is over. Its like a domino effect, when somebody goes down everyone get effected and more or less they'll also go down. But i feel recession in CA is over because in my work it begin to catch up to the works we do. Last few months lay offs hit our company and i feel lucky i didn't get called. They also reduce our working time to 24 hrs but i don't know if i feel bad about that cause i also getting the money i should be by filling to EDD. Anyways, this past week we get a five week work again and that's the first time again to get a 40 hrs works. Just wait, it will come your way in the time.

HI beckish, as far as I know, when economists say "recovering", the signs and figures are actually minute and may not be perceived automatically by the citizens at large. But if the trend should continue positively, eventually decrease in prices of goods and fuel will be evident. I hope it would come soon though. Like you, I haven't felt much difference in our economy too.

I don't know, but i believe there's only a slight recovery. i have been looking at some of the job section in the news-papers but unfortunately i saw only a few job offers, to those companies that are impossible to get in

Hi beckish, I will try to explain this in the way I understand. We say recession because it is a vicious cycle. One business closes down, and because the raw materials required for manufacturing goods at this unit are no longer required, the effect is felt by other industries as well. Added to this is drop in purchasing power of people losing jobs. This cascading goes on at a very rapid pace, and that is what recession is all about - it is in geometric proportions. This is one point. Now look at the other point - when we say unemployment is up - it means unemployment in the previous week. But when it is considered as the ratio of unemployment viz-a-viz the ratios in average of previous 4 weeks or so, it may be much lower. This can be understood more clearly if some actual numbers are taken. Suppose unemployment stood at 5 percent at the end of March, and jumped to 7.5 percent at the end of April, that is almost 50 percent jump in unemployment within one month! And in comparison, if the unemployment rose to just 8.5 the following month, it is still arresting of unemployment, isn't it? And from there, if we come to 9.2 it is forther drop in the rate at which unemployment is growing. Of course, the number 9.2 is significantly higher than 5 percent or 7.5, but the momentum of increase in unemployment has come down! This is the positive u need to take from it. Increase in demand for gas leads to rise in prices. The increase in demand is because of increase in purchasing power of some people, or increase in usage by some industry. If industry is indeed using it, then slowly, it will start recruiting, and come out of red. Food prices - u seem to be watching the packed food. Even otherwise, for a while, the food prices will remain up. This is because, everybody in food selling chain would like to recover their investment at a faster rate rather than risk being left in a lurch. There will be moderation, once the north bound movements in the economic cycle become clearly visible. Big businesses employ people. These people are paid remuneration. Remuneration increases purchasing power. This purchasing power ensures that revival, or survival of another industry, and so on. Therefore, even if the buig businesses have started doing well, we should look at it positively. Yes, I think the recession is truly in dying ambers stage. The overall economic picture, stock market reactions, within the country and abroad, and several such things, including drop in cost of vegetables.

During recession period, most people also suffer due to the economy breakdown. I am not too sure about the other countries, but most countries are definitely affected by it. Are we recovering from it? I think we are recovering but very slowly one at a time. The price are never going down because there are still demand on it. If the demand is keep increasing, so will the price. The companies are trying to survive to in order to keep them operating. That's the reason why they keep on increasing their price on their products or foods. Those non renewable energy such as coal, gas, and petrol are definitely going to increase slowly as the stocks are limited and they are non renewable.