Eric Schmidt: The worst might be over for the economy

Google CEO: The worst might be over for the economy

Google’s chief executive Eric Schmidt has said in a statement that they believe that the worst might be over for the global economy which has been in a crisis.

He said that the recovery in the US economy could begin as early as autumn this year and the company is very optimistic about next year.

Schmidt said: “The rate of jobless claims is decreasing although the absolute number is increasing”.

He was asked about his opinion about Microsoft Bing. He said: “Bing is a competitor. We have absolutely looked at Bing; we have actually studied what they do as Microsoft studied what Google does.”