BUSH DOES NOT WARRANT ECONOMY GROWTH IN USA
AZG Armenian Daily
09/01/2008
International
President George Bush recently said that the further economic growth
in the United States cannot be warranted, although the economy of
the country is laid upon firm foundations. According to the President
of the United States the recent economic prognostications are rather
complicated. The further economic growth can be affected by the fall in
the finance and real estate markets, as well as high prices for energy.
According to BBC, the presidential board is at present considering a
package of measures for encouraging economy growth. It is supposed
that lowering the taxes shall help overcoming economic decline. No
certain decisions are taken.
In December 2007 the unemployment level in the USA reached 5%, highest
indicator for the recent two years. Only 18 thousand new vacancies
were created in the USA that month.