Several months ago, some of the world’s most trusted and stable banks went bankrupt around the world. Most of these banks such as Lehman Brothers were located in America. Several companies and businesses such as Circuit City, Chrysler, General Motors and Samsonite also suffered from the recession. However, months later, it seems like the American economy is improving and that’s not just my opinion rather the numbers talking.

View the complete list of bankrupt companies.

Recent numbers are showing that the American economy grew 3.2% in the first three months of 2010. According to the Commerce Department, the economy growth is the result of increase in personal consumption. While the numbers are positive for the first three months, they are not as impressive compared to the statistics of last quarter of 2009. The US economy experienced a 5.6% growth in that quarter. Abated government spending can be one of the reasons for this slower growth.

Similarly, while the exports went up by 5.8% in the first three months of 2010, the growth rate was 22.8% in the last three months of 2009.

If you look at the big picture, one can see the the US economy is slowly recovering.

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