Forex | Forex | Obama Says the U.S. Economy Has Avoided Great Depression (31/07/2009 14:12:30)

Obama Says the U.S. Economy Has Avoided Great Depression

The following is a summary of the main economic events from the Asia-Pacific and European sessions: U.S. President Obama tells reporters on Thursday that the economy “has stepped away from the precipice”; says the U.S. has veered clear of falling into a new Great Depression. Obama administration is looking into ways of increasing funding for the so-called ‘cash-for-clunkers’ programme, which ran out of money after only one week of operations; it was set to expire in November. Asia-Pacific


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