Busted: Five Myths about Economic Recovery


Busted: Five Myths about Economic Recovery

Busted: Five Myths about Economic Recovery

Federal Reserve Chairman Ben Bernanke recently admitted that US economic recovery has been “uneven and frustratingly slow.”

Latest figures show that US first quarter GDP increased by only 1.8% and a mere 54,000 jobs were created in May 2011, a figure way too low to remedy the current 9.1% unemployment rate.

The US is struggling to avoid a double dip recession, but what do we really know about economic recovery?

Credit: richwall 100