With the world almost coming to a standstill after the collapse of the world markets following the recession triggered by heavy borrowing and a high dependence on consumer markets in the united states and Europe, the world is slowly coming out of the slump.
However, going by the current world market statistics, the recovery is not as rosy as everyone expected.
Its moving at a slow pace that is even slower than the recovery period that followed the economic melt down after the two world wars.
All this can be said to be as result of the ever rising world oil prices that have utterly refused to go down and the reforms instituted by US president Obama to bail out companies most hit buy the slump.
In choosing to bail out these companies president Obama interfered with the market forces and thus facilitating the slow pace of the current economic recovery.
It is there imperative to note that a slight shift in the market forces causes a lot of drag for the economic situation that the world is currently facing and this causes the the recovery to move at a snails pace.
This coupled with obscene world oil prices and constant turmoil in the middle east, shows that the recovery will take a little longer than expected.
This however does not mean that the economic down turn is completely unsalvagable, no! It only means that we will have to wait for a longer period than the people in post world war one world two economic recovery periods.
After all this, if the recovery comes to pass you can be sure that the world will be a more better place economically since we now have better economists and statisticians who not allow such an occurrence to repeat it self.
This guys are working tirelessly to ensure that the current economic recovery though slow is full effective.