Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (85252)	6/25/2002 4:09:53 PM
From: Softechie	Read Replies (1) of 99280

This dude said the same thing last year...Hubbard Sees 'Reasonable' 2nd Half Growth WASHINGTON (Reuters) - White House economic adviser Glenn Hubbard said on Tuesday that the U.S. economy was in recovery and should log "reasonable growth" for the balance of this year. Speaking to the Computer and Communications Industry Association, Hubbard, chairman of the Council of Economic Advisers, said the U.S. economy should be growing at an annual rate of 3 percent or more in the second half of the year. ADVERTISEMENT Looking to other parts of the world, he said that Europe also was in an economic recovery but said he was less optimistic about Europe's long-term prospects because the region's worker productivity trails that of the United States. He said Japan, the world's second-largest economy, had more significant problems than either Europe or the United States because it faced "very significant deflationary pressures." Hubbard noted that accounting scandals and investor worries about the rules of corporate behavior were not helpful to the U.S. economic recovery and these were also contributing to recent stock market declines.

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