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To: Dalin who wrote (79947)11/13/1998 3:27:00 PM
From: Mohan Marette  Read Replies (3) | Respond to of 176387
 
<U.S Economy> On Track.

Dalin:
Here is something that should be of interest.
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Friday November 13, 2:16 pm Eastern Time

Rubin, Summers say U.S. economic growth on track

WASHINGTON, Nov 13 (Reuters) - U.S. Treasury Secretary Robert Rubin and his deputy, Lawrence Summers, both said on Friday that the U.S. economy was basically solid and on track for further growth.

''My sense of it is that we're still very much on a track of solid growth and low inflation,'' Rubin said in response to a question about the U.S. economy during a news conference to discuss a multilateral aid package to Brazil.

Elaborating on the issue, Summers said: ''I think the basic momentum of expansion should be maintained with certain sectorial changes, as long as this financial crisis continues to remain contained in its impact.''

He added that responding effectively to the problems confronting the global economy was crucial to maintaining the health of the U.S. economy.