US recovery outlook ‘very weak’
September 7th, 2009
| Category: Economy
Nobel Prize-winning economist Joseph Stiglitz has cast doubt on the strength of any US economic recovery, warning it may be hit by a “double-dip” recession. More positive economic data has convinced many analysts that the US is starting to improve. But Mr Stiglitz, a former World Bank chief economist, said “the prospects of a robust recovery are very, very weak”. He said there was a “significant chance” that the economy could contract again after a…
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