US recession at end, but not the pain
China Daily | Updated: 2009-10-29 08:20
WASHINGTON: It is about to become official: The US recession is over - but not the pain.
The government will release figures this week expected to show that the economy has awakened from its deepest slump since the 1930s and is in the early stages of a recovery. But the following week, the government will issue another set of figures expected to show unemployment continuing to rise toward and possibly above a clearly recessionary 10 percent.
How can both be possible?
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