The American economy is not headed for a double dip recession and is likely to gradually strengthen over the coming year, US Treasury Secretary Timothy Geithner believes.
Speaking to NBC yesterday, Geithner dismissed fears the world's largest economy would fall back into recession before improving. "I think the most likely thing is, you see an economy that gradually strengthens - over the next year or two. You see job growth start to come back again," Geithner said. "Again, investments expanding, manufacturing get a little stronger, exports better. Those are very encouraging signs. But we got a long way to go still." Geithner also believes the US economy is still benefiting from Barack Obama's massive stimulus packages. "There is a lot of stimulu...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
