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Recession Watch

IBM’s chief economist thinks the recession is over
By Maureen O'Gara
Article Rating:
September 13, 2009 09:15 AM EDT
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 442

IBM's chief economist thinks the recession is over. EMC's CFO thinks the worst of the budget lock is over for high-tech firms. And the Federal Reserve's got a new survey suggesting the economy is growing again by 3%-4% in most of the US due to business spending. Unemployment hit 9.7% in August and is expected to top 10% this year, but productivity surged 6.6% in the second quarter.

Published September 13, 2009 – Reads 442
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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