America In Recession

Posted on 16th March 2008 by admin in Blogging, Economy - Tags: , , , , , ,

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Americans think the economy is now in a recession and the number who feel that way continues to grow. Of more than 1,000 adult Americans surveyed in March, 74% said they believe the nation is now in a recession. That figure rose from 66% in February and 61% in January.

Economists’ definition of a recession is two consecutive quarters of negative GDP growth, and though growth was sluggish in the last quarter - 0.6% - the U.S. economy has not yet shown one quarter of retraction.

Whatever the definitions, it is clear that average Americans feel the nation has fallen on hard times and making a living is tough. Coupled with escalating monthly bills, the outlook is very gloomy.

I am trying harder to earn more side money from my blogging to supplement my meager income. Hopefully, I can see some success soon.

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