MercoPress. South Atlantic News Agency
Tag: US economy
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Thursday, July 22nd 2010 - 09:10 UTC
Outlook of US economy remains “unusually uncertain” says Bernanke
US Federal Reserve chairman Ben Bernanke has warned that the outlook for the US economy remains “unusually uncertain”. In testimony before the Senate Banking Committee, Mr Bernanke said record low interest rates would still be needed to support economic recovery.
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Saturday, July 10th 2010 - 07:41 UTC
US no longer world’s great consumer; needs to target sustainable debt, says IMF
The US economy is recovering after the global economic crisis, but consumers and financial institutions remain cautious as weak housing markets, high unemployment, and risks in Europe remain a concern, the IMF staff said in a press conference that followed its annual review of the world’s largest economy.
