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What is Economic Outlook and Recovery Insights about?

- Chairman Ben Bernanke testified before the Joint Economic Committee about the current economic outlook and financial market developments. - He stated that while the recovery appears to have begun in the second half of 2009, growth will depend on continued increases in private final demand as fiscal support diminishes. Consumer spending and business investment are showing signs of growth. - However, significant restraints like weakness in construction and pressures on state/local budgets remain. The lab

Author

Zerohedge

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EN