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Obama Confident No 'Double-Dip' Recession Coming
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| Contributor | Jason |
| Last Edited | Jason Dec 09, 2010 06:22pm |
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| Category | Statement |
| News Date | Friday, August 6, 2010 12:00:00 AM UTC0:0 |
| Description | President Barack Obama says he is confident the nation will not suffer the "double dip" of back-to-back recessions.
The rebound of the U.S. economy appears to be slowing, prompting fears that the nation will slide into recession again after a brief period of growth.
Obama told a CNBC interviewer he was confident that won't happen.
He acknowledged that much work remains on problems such as long-term unemployment. But the president expressed confidence that the economy is moving in the right direction. |
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