Sunday, July 12, 2009

Worst yet to come, says White House economic advisor

AFP
NEW YORK (AFP) — When it comes to the economic crisis, the worst is yet to come, top White House economic advisor Lawrence Summers said Saturday.
"I don't think the worst is over," Summers told the Financial Times. "It's very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low."
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