Friday, August 14, 2009

Recession Ends... in France and Germany

It won't really affect the day-to-day lives of people yet, but it may begin the important psychological changes needed to lift the world economy. Germany and France have reported their first quarter of growth which technically ends the Recession in those countries. Of course, there is no telling if this is a false start - the bump is credited to policies where the governments propped up auto makers and paid company to keep workers on at reduced hours which are due to expire. But so much of the economy is mass psychology, that this may provide many positive changes going forward.

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