Outlook and policy statement Term Paper Example | Topics and Well Written Essays - 500 words

Outlook and policy statement - Term news report ExampleHowever, with the recent hike in consumer spending with a 2 ? percent increase per annum witnessed during the third quarter of 2010 has provided hope that economic recovery will eventually occur. The increasing investments in equipment and parcel industry have given a boost to the recovery. On the housing front the hikes in bag prices and construction costs have not been able to contribute to this growth and at the same succession not drastically affected the recovery process. While the labor market has been unable to accommodate the big losses of jobs during 2008-09, the number of job openings and the hiring rate is on a constant rise in the one-time(prenominal) recent months. However, considerable time will be required in order for the unemployment rate to drop dead to normalcy and this time period could have a lasting impact both on the pecuniary status of those unemployed and also on their skills and future employmen t and earning prospects. The testimony also notes the downward edit witnessed in the inflation rate compared to the previous years. This trend has been mainly attributed to the struggling job market and the associated belittle in utilization of resources. However, the inflation expectations in the long-run are expected to remain stable.