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Paul Krugman has said America has avoided a deep recession and even says that in the second half of this year could see a beginning of economic recovery.

Several economists and analysts agree that the global economy is bottoming and will begin a recovery.

trends are confirmed, the economic recovery will be the greatest achievement of Barack Obama administration and prove that massive government intervention was necessary as to unleash the crystallization of a profound change in the current economic model in which the state will have more influence on the economy.

However, the social consequences of the recession is just beginning to be felt throughout the world and also have an impact on the new model of economic growth that arises probably exacerbated nationalism and protectionism.