Posts tagged ‘status of the economy’

Like an old gramps, economy will experience more ailing arthritis in the future

People might have new hopes about the economy’s improvement but the Economic Policy Institute thinks otherwise.

From the report of Larry Mishel, the president of EPI, this instability in the economy may continue for several more years to come. There will be more and more people who will be unemployed and will cause so much hurt in the financial constancy of the market.

But thanks to the 2009 stimulus package, the unemployment rate will be lower than 10 percent. Without the stimulus funds, it is possible that the rate will reach more than 10 percent or even bigger.

If this happens, many families would not be able to survive the recession. A relief for the current worldwide financial crisis must be found or else more and more people will suffer.