In an exclusive interview with Xinhua at the Boao Forum for Asia (BFA), a former U.S. presidential economic adviser, John Rutledge, said Sunday that the worst of the financial crisis is finished, and the world is entering a time when things will get gradually better.

“The capital markets around the world are recovering very nicely,” he said, adding that the real economy and paycheck have not yet hit the bottom, but “very near bottom”, and will most certainly be improve by the end of the year.

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