BEIJING — The United States could return to growth late this year and into 2010, though the recovery, unlike previous recessions, could be long, relatively weak, and plagued by high unemployment, former Federal Reserve Board chairman and Obama administration adviser Paul Volcker told a banking forum here yesterday.
He cautioned that the U.S. economy will not spring back to health but said the inflationary pressures that would result from the response to the crisis will not be likely “for some time to come.”
— Market News International
