New York, New York (PressExposure) November 02, 2009 -- "Source One International" analysts are thought to be mildly encouraged by new data showing that the United States' economy has technically emerged from recession.
Sources close to the Asian-based boutique brokerage suggest, however, that the recession will appear to continue for many Americans crippled by debt and those who are unemployed.
Still, "Source One International" believes that the US consumer may be making a comeback after figures revealed that spending surged by 3.4% in the third quarter but sounded a note of caution that government stimulus in the form of the "cash-for-clunkers" and the first-time buyer tax credit programs had played a significant part in the upturn.
Analysts at "Source One International" are mindful that the inevitable withdrawal of government support for the economy may show the return to growth to be unsustainable.
President Barack Obama, too, said that many headwinds faced the fragile recovery and that there was a "long way to go".
"Source One International" are thought to believe that there may be a call for additional stimulus in the months ahead if the recovery proves unsustainable but warned that, despite being the world's largest economy, there was only so much borrowing that it could withstand.