Thursday, 15 July 2010

Moneynews

Breaking News from Moneynews.com


Fed Warns Economy May Take Five Years to Recover


Federal Reserve officials now fear that the U.S. economy will take at least five or six years to fully recover from the biggest economic downturn since the Great Depression. Fed officials also trimmed their forecasts for growth this year to a range of between 3 percent and 3.5 percent from the 3.2 percent to 3.7 percent they projected in May. 


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