Friday, October 23, 2009

Economy is improving: Lawrence Summers- White House Economic Advisor

Summers says recovery is well under way
White House economic adviser Lawrence Summers says economic recovery is on track. "There's really no doubt that the third quarter registered growth, and growth at a nontrivial rate, and every expectation that the fourth quarter will do the same," Summers said. But Summers cautioned that growth will be moderate, and that unemployment will remain high for "some time." Reuters



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