U.S. will return to growth by the end of year
The United States and other developed economies would return to growth until the end of this year or no later than early 2010, is opinion Timothy Geithner, U.S. Treasury Secretary.
Geithner has confessed that there are still significant dangers in the world, but the foundation for economic recovery in the U.S. and not only, have already been made, write Times.
Global economy could face with a series of obstacles in the return, taking into that nations have to adapt to economic contractions and increase public debt, Geithner said yesterday, during an official visit to Jeddah, Saudi Arabia.
“Crisis has been brutal both in scale, and as severity”, according to Geithner. “Given the scale of turbulence affecting the financial systems, low economic adjustments required after a prolonged period of excessive lending in the world, a gradual economic revive seems more realistic,” added U.S. Treasury Secretary.
Stock exchanges leave from convalescent
Stock exchanges from the world have ended the second quarter with the best results of the last decade. U.S. Reference Index S & P 500 has posted the best evolution of the last quarter of 1998, climbing with 15.2% in April-June period. Dow Jones Industrial Average gained 11% in April-June period, while the index reference Japanese Nikkei 225 Stock Average has appreciated by 23% and the UK FTSE 100 index by 8.2% in the same period.
