Wholesale USA Jerseys

15px">Despite the weakening job figures - unemployment in the US is roughly 10 percent - American GDP growth is expected to stabilize this year and the worst is past, some analysts said.

"This recession is very likely to have concluded in the third quarter of 2009 although it is up to the US National Bureau of Economic Research to decided when the economy has bottomed out," said investment bank Nomura International in a recent report.

Peter Cardillo, chief market economist at Avalon Partners Wholesale USA Jerseys , said recently that US GDP growth could reach 3 percent this year. Many other economists forecast that it would be about 2.5 percent year-on-year.

Obama has claimed credit for this improvement Wholesale USA Jerseys , arguing that his $787 billion stimulus package helped right the economy.

"We can see clearly now that the steps my administration is taking are making a difference Wholesale USA Jerseys , blunting the worst of this recession and helping to bring about its conclusion", Obama said in late October.

But significant challenges remain, and not all economists are convinced that Obama's efforts have helped.

The stimulus policies have resulted in "higher government debt, heightened uncertainties Wholesale USA Jerseys , and lost opportunities", said JD Foster, Norman B. Ture Senior Fellow of the conservative Washington-based Heritage Foundation. "Repeated suggestions by the Obama Administration that the stimulus has created millions of new jobs even as the unemployment rate remains twice that of full employment are simply not credible."

"The underlying trajectory of the economy for 2010 suggest an anemic recoverywhite diamond heels 971 yen, with real growth likely about 2 percent," Foster said in an email interview with China Daily.

Nomura also predicts that unemployment will remain high through this year. Weak