The international economic crisis has hit Europe especially hard and no one knows that better than officials working at the European Central Bank. However, some good news has been reported. Top officials at the bank said that the economy may be nearing a turnaround point.

Factors such as falling energy prices, interest rates and consumer confidence due to stimulus plans are beginning to have a positive effect on certain aspects of the worldwide economy. If these growth encouraging programs continue, it's possible that we could see the end of this crisis by the middle of 2009.

I've been saying that The US will see a turnaround by the end of this year, and considering the stock market is usually 6 months forward thinking the Markets should turn around by June In my opinion. Unemployment will continue to rise throughout the year but the pace of increase will slowly decrease from here on out in my opinion.