“EuropeVentures”: Confidence Is Coming Back To Markets.

PRLog (Press Release) - Mar 30, 2009 -
“EuropeVentures” reports that a US economy rebound is predicated for the second half of the year.

A survey released on Tuesday predicts that the economy will rebound in the 3rd quarter. Many forecasters including “europeventures” senior US analyst predict positive growth in the 4th quarter.

Although the beginning of 2009 has proved to be the worst in years, 51 forecasters in a survey believe that the GDP will grow by 1.8 percent.

This gain will be preceded by a small gain in the 3rd quarter of 0.5 percent.

“EuropeVentures” notes that it’s the first half of the year where the US GDP will suffer its losses due to the decline in consumer spending. But with the banks toxic assets taken care of early on you will see confidence come back.

US analyst for “EuropeVentures” apparently commented that as the confidence  returns to the market with so will consumer spending. Consumer spending is expected to return relatively strong as their will be a sharp drop in energy, tax cuts and credit will start to flow.”

“The recovery will be slow this year as there will still be pain in the housing market and the loses in the retirement savings will mean that not everyone will be willing to spend. But we predict that by the time 2010 comes around the markets will return to a good strength and that markets be begin to return to pre crash levels.”

Globally this is good news, as a strong US economy will have an impact on Europe and Asia’s economies.