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) 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.
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
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
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
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
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
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
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
Analysis
