US Treasury Secretary Timothy Geithner: The road to economic recovery will be bumpy
Source: Internet
Author: User
Xinhua Beijing, May 19, the U.S. Treasury Secretary Geithner said the recession in the country's economy has begun to stabilize, but the road to recovery will be "bumpy" and "fragile." "The situation is clearly stabilizing" since the December 2007 recession in the world's largest economy, according to the Sky News network, citing the AFP report. In a forum sponsored by Newsweek, he said it was an important starting point for most of the data that the rate of decline had slowed considerably. Mr Geithner noted that credit markets had improved, but avoided the question of whether the economic downturn had bottomed out. He said the U.S. economy will not have a stable and smooth recovery process, the process will be temporarily bumpy and fragile.
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