U.S. Economy Looks for Improved Outlook in 2010

The U.S. economy is expected to continue to show improvement as we move into 2010. The improvement is likely to continue at a modest pace, though. As the new year gets underway, the economy is expected to slowly expand. Rapid expansion is not predicted, since there still remain significant challenges to the economy. Action Forex reports on difficulties still facing the U.S. economy:

Furthermore, we should not forget that the Fed signaled within the FOMC rate decision that economic activity remains under pressure from elevated unemployment, lower income growth, lower housing wealth, and tight credit conditions continue to weigh down on economic activity, as the economy will probably remain weak and will only recover gradually, while the Feds still believe that the ongoing economic weakness will continue to weigh down on inflation.

Until the employment picture begins to show marked improvement, we are unlikely to see a great deal of economic recovery. Until then, chances are that economic improvements will be small and slow in coming.