US economy not growing fast enough
US: President Barack Obama said Sunday the US economy was expanding,
but not quickly enough, and there was no “magic bullet” that will fix
its problems.
Obama said in an NBC interview that the batch of grim economic data
over the past few weeks was something his administration had
anticipated.
Gloomy reports on gross domestic product and housing have raised
fears the fragile economy could slip back into a recession or face a
lengthy period of growth that is too slow to make much of a dent in the
9.5 percent unemployment rate.
Washington, Monday, Reuters |