Thursday 19 November 2009

Obama harbours fear of 'double-dip recession.



Today at the press conference The Barack Obama has warned that the US economy could head into a “double-dip recession” unless urgent steps were taken to rein back America’s mounting levels of public debt. The problem is that the unemployment in USA rise to 10.2 per cent, the President said his administration faced a delicate balance of trying to boost the economy and spur job creation while bringing the rising deficit and debt under control.

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