American leaders are sure that recession has bottomed out

According to the recent report of Reuters the key business leaders such as Cisco Systems Inc., Office Depot and FedEx Corp believe that the recession has reached its bottom and now the US economy will stabilize. It was reported that the executives expect slow-to-moderate economic growth in 2010 but with caveats.

The leaders said that one way-out is to provide more access for small business to credit. In general trends are very optimistic though job matter still remains very sharp.

Cisco Systems Inc., Office Depot and FedEx Corp are a kind of indicators for sectors of the economy and their opinion is highly valued, especially on the threshold of the coming G20 which will take place on September 24-25 in Pittsburgh.

Among other reforms suggested by the leaders were reforms in health care and tax policy.