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USA: Federal Reserve President Ben Bernake to admit the peril of an economic recession

de A.C.
Miercuri, 2 aprilie 2008, 20:31 English | Business

President of the American Central Bank (FED) Ben Bernanke admitted on Wednesday that the US economy might enter into recession in the first half of the year, admitting that the situation got worse in the last couple of months.

New York stock exchange reacted less tough than financial experts expected to. Bernanke's declarations were thus softened by a report which shows that the number of work places in the private sector grew by 8% in March.

Bernanke's speech was, international press agencies argue, the most pessimistic one since the subprime crisis installed. FED head declared that he expects an increase of unemployement rates.

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