Japan is the latest country to have come out of recession with reports of the economy growing by 0.9 % in the April to June quarter. It follows news from France and Germany last week each witnessing a growth of 0.3 % of their economy in the April to June quarter.
All is not good news though, the UK’s economy has actually contracted by 0.8 % in the same quarter and the job market continues to slump. With little prospects for any job seekers or for those who lost their jobs.
In this article James C Cooper says that “even though GDPs (gross domestic product) can rise It won’t feel much like a recovery, because the job markets are sure to remain weak until businesses gain confidence .”
This blogger argues that “While the money supply is usually what precipitates a recession, the face of a recession, are job losses” and that remains an issue.
Are you happy with the way your country is handling the recession. If you live in France, Germany or Japan, do you feel your country is out of recession?