U.S. economy is in pain showed signs

BUSINESS INFORMATION -U.S. economy is in pain showed signs of "stable has started" on the lower level after one year more than half a recession, said a report in the Federal Reserve "Beige Book", on Wednesday.
The report, which will be used by policy makers at the Federal Open Market Committee in the next month, the moderate decline in many indicators, although still weak and the prospects for job creation is still dismal.

Some Fed districts to use the word "slow", "droop," or "weak" to describe the level of activity, while others indicate that the speed down tampat become moderate. Other shows "signs of stabilization."

Beige Book noted "a decrease in retail activity" in most countries, while manufacturing shows progress in some parts of the country.

Residential real estate "still weak in most districts, although many noted that some signs of improvement," the report added, but the commercial real estate market "weakened further in recent months" in most areas.

The banking sector experienced weakening demand for some categories because of the loan berlanjutnya economic decline.

Prospects for employment, Fed noted that conditions remain difficult, highlight fears that the weak recruitment can reduce the recovery prospects.

United States economy has been in recession since December 2007, according to the panel to receive the economic as arbiter of business cycles.

Suffering economic decline 5.5 percent in the first quarter, after declining 6.3 percent in the fourth quarter 2008. But many a fortune estimated growth continues in the second half of 2009.

The Fed this week increased the prospects for economic production in 2009 and 2010, projected increase in turn the second half of 2009 will leave a contraction for the year between 1.0 and 1.5 percent.

For 2010, the Fed see new growth in the range of 2.1 to 3.3 percent, slightly better than forecast April.

Estimation first government estimate gross domestic product in the second quarter to June 30, will be released Friday. Swasra consensus of economists projects a decline 1.5 percent.