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While growth will stay sluggish this year

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发表于 2012-1-31 09:35:14 | 显示全部楼层 |阅读模式
本帖最后由 Test 于 2012-1-31 09:50 编辑

washington — the united states will not fall into a new recession despite sharp cuts to government spending, but unemployment could remain above eight percent through 2013, the white house said thursday.

while growth will stay sluggish this year, in the 1.7-2.2 percent range, the economy is not expected to contract, according to a mid-year fiscal budget review by the office of management and budget.

even though growth remains weak two years after the last contraction ended, “we are not forecasting a double-dip recession,” said katharine abraham, a member of the white house council of economic advisers.

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