Obama sees recession easing

US President Barack Obama says he has seen signs that the recession affecting the country is easing, although times remain tough.



Obama also said recovery would take time and more job losses would follow.



Mr Obama, who was speaking at Georgetown University, pointed to the US government\'s housing plan as a factor in boosting the economy, as the number of people refinancing their loans increased.



He added that support for the auto and student loan markets had also contributed to an easing of credit conditions along with progress at this month\'s G20 meeting.



The US President said more work needs to be done, as credit is not flowing nearly as easily as it should.