英语文摘：Obama says U.S. economy likely to contract in second quarter

WASHINGTON, July 30 (Xinhua) -- U.S. President Barack Obama said on Thursday that he expects U.S. economy will continue to shrink during the second quarter.

    "I suspect that GDP numbers will still show that the economy contracted in the second quarter, that job loss is still a huge problem," Obama told reporters after meeting with Philippines President Gloria Macapagal-Arroyo.

    The Commerce Department will report the GDP data of the second quarter on Friday.

U.S. President Barack Obama walks across the South Lawn after stepping off Marine One at the White House in Washington, July 29, 2009

    According to the department, the U.S. economy fell at an annual rate of 5.5 percent in the first quarter, the third straight quarterly decline, followed decreases of 6.3 percent in the final quarter of 2008 and 0.5 percent in the third quarter of last year.

    "We have seen a significant slowing down of the contraction over the last several months," Obama said, noting that there are no longer fears of another Great Depression.

    "All of that is a sign that we have stepped away from the precipice," he said. "We were in a position where we could have gone into a great depression. I think those fears have abated."

将本页收藏到：
上一篇：英语文摘：Moscow urges Kiev to recall two diplomats
下一篇：英语文摘：U.S. major banks pay over $30 bln in bonuses amid bailout

※相关链接※

• ·哪种语言最难学？外媒做了个排名，
• ·夏日炎炎吃西瓜：西瓜对健康居然有
• ·英语文摘:Xi, Putin to witness op
• ·英语文摘:China hits 400 mln vacc
• ·欧美文化:Feature: UK takes big s