Hands up those who are sick and tired of doom, gloom and yet more doom in our daily news feeds?
Yep, that’s all of us then, so we were particularly thrilled to hear the prediction by Federal Reserve chairman Ben Bernanke (they really are rolling out the big guns for this one) on CBS’s 60 minutes that, wait for it,
AMERICA’S RECESSION WILL END THIS YEAR!
In the first television interview given by a Fed chairman in 20 years (we can put you in touch with some good PR companies if you’re reading this, Ben…) he was sufficiently confident to declare that the ‘green shoots’ of economic revival were already evident, that the US had averted the risk of another Great Depression and that the country’s recession will ‘begin to moderate and…see a levelling off’.
So, the worst may well and truly be over – and not before time.
Obviously, we’re pleased for our American counterparts – heck, the signs that the worst recession in decades may be coming to an end AND Mr. Bernanke overcoming years of media shyness - it’s almost too much! But for entirely selfish reasons, we’re also pleased for us.
Just as the US’s sub-prime market sent ripples, then waves of economic crisis over the pond and around the world, the UK economy (and others) is also likely to show signs of recovery on the back of this optimistic financial prediction.
If this is the payback we get for Leona Lewis, that’s alright by us.
By Kayode Dauda
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