Obama reiterates U.S. economy shows glimmers of hope
www.chinaview.cn 2009-04-15 00:35:15   Print
"We are beginning to see glimmers of hope," Obama said in a speech in Washington.
But he also warned that 2009 would continue to be a difficult year for the U.S. economy.
He said his administration has taken a series of measures to jump-start the recession-hit economy.

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    WASHINGTON, April 14 (Xinhua) -- U.S. President Barack Obama reiterated on Tuesday that the economy is starting to see glimmers of hope, but adding that "by no means are we out of the woods just yet."

    "From where we stand, for the very first time, we are beginning to see glimmers of hope," Obama said in a speech at Georgetown University in Washington.

U.S. President Barack Obama participates in an "Open for Questions" town hall on the economy in the East Room at the White House in Washington, March 26, 2009. (Xinhua/Reuters Photo)
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    Obama said his administration has taken a series of measures to jump-start the recession-hit economy, saying that "taken together, these actions are starting to generate signs of economic progress."

    But he also warned that 2009 would continue to be a difficult year for the U.S. economy.

    "There is no doubt that times are still tough. By no means are we out of the woods yet," he said.

    Obama said last week that what he is starting to see is glimmers of hope across the economy, meanwhile warning that the economy is "still under severe stress."

    Earlier Tuesday, Federal Reserve Chairman Ben Bernanke also said there have been tentative signs that the recession may be easing.

    "Recently we have seen tentative signs that the sharp decline in economic activity may be slowing," Bernanke said in a speech at Morehouse College in Atlanta.

Poll: More than half of Americans believe in Obama's economic policies

    WASHINGTON, April 14 (Xinhua) -- More than half of Americans believe in President Barack Obama's way to handle economy so far, according to a poll released on Tuesday.

    The poll by CNN the Opinion Research Corporation showed that 58percent of Americans believe the president has "a clear plan for solving the country's economic problems," while 42 percent said the opposite.  Full story

Bernanke sees "tentative signs" of improvement in U.S. economic situation

    WASHINGTON, April 14 (Xinhua) -- U.S. Federal Reserve Chairman Ben Bernanke said Tuesday there were some "tentative signs" indicating that the country's economic recession may be easing.

    "Recently we have seen tentative signs that the sharp decline in economic activity may be slowing," Bernanke said in remarks prepared for students and faculty at Morehouse College in Atlanta, Georgia.  Full story

U.S. recession to end in second half of 2009: Survey

    BEIJING, April 10 (Xinhuanet)-- The U.S. recession will be over in September, but not the unemployment, which may continue to rise until the second half of 2010, says a survey released Friday.

    The Blue Chip Economic Indicators survey of private economists predicts a 5 percent and 1.8 percent contraction in U.S. gross domestic product for the first two quarters of the year respectively. The third quarter of 2009 brings a more hopeful prediction of 0.4 percent growth. Full story

U.S. stocks fall on disappointing retail data

    NEW YORK, April 14 (Xinhua) -- U.S. stocks fell on Tuesday as disappointing retail sales and a surprising drop in inflation offset upbeat earnings reports from Goldman Sachs and Johnson & Johnson.

    Dow Jones dropped below 8,000 points again while S&P tumbled about two percent. Full story


U.S. stocks end mixed as banks offer optimism 

    NEW YORK, April 13 (Xinhua) -- U.S. stocks pared early losses and ended mixed on Monday as investors expect some solid earnings reports from major financial firms.

    Dow Jones dipped less than half a point while S&P 500 and Nasdaq turned positive. Strong rally in financials helped lift the broader market in late afternoon trading. Full story


 Analysis

U.S. economy starting to see glimmers of hope 

    WASHINGTON, April 13 (Xinhua) -- The ailing financial and retail sectors in the United States showed tentative signs of strengthening recently, an encouraging shift for the economy which President Barack Obama said is starting to see glimmers of hope.

    Wells Fargo, one of the country's largest banks, said last week it expects to earn 3 billion U.S. dollars, or 55 cents per share, for the quarter ended March 31, nearly doubling the average estimate of 23 cents per share. Full story

U.S. economy shows signs of improvement, but challenges remain 

    BEIJING, April 13 (Xinhua) -- Positive government reports and confident speeches by political heavyweights signaled improvement for the U.S. economy, but analysts have warned of excessive optimism.

    President Barack Obama said on Friday the recession-hit U.S. economy was showing "glimmers of hope" despite lingering strain. Full story

Editor: Mu Xuequan
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