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Bush Does Not Warrant Economy Growth In USA

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  • Bush Does Not Warrant Economy Growth In USA

    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.
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