Author : Jaidev
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Even economies world over are slowly progressing towards stability especially UAE led by Abu Dhabi |
According to a survey, economic crisis has certainly slowed in US, signaling that recession may be staring at an exit, however, the impact of crisis was quite reflective in the financial health during March and early April. Even economies world over are slowly progressing towards stability especially UAE led by Abu Dhabi bourse.
The survey was based on information collected by the Federal Reserve Bank of Dallas on or before April 6. Wall Street stocks took heart from the guardedly reassuring tone of the report, which breaks a relentless string of depressing news from the closely watched Beige Book.
The Dow Jones industrial average added more than 20 points to stand 50 points higher at 7,970. The survey still painted a bleak picture of an economy reeling from a prolonged recession that has cost millions of jobs, with unemployment rate reaching 8.5 per cent last month.
Source : Other
