Tags: US | Geithner | Economy

Geithner Says Low Risk of Double-Dip Recession

Friday, 05 Feb 2010 09:12 PM

 

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Treasury Secretary Timothy Geithner says the US has a low risk of a double-dip recession.

Geithner (guy-tner) told ABC News in an interview that will air Sunday on "This Week" that the U.S. is at a lower risk "than at any time over the last 12 months or so." He said the economy is growing at the most rapid rate in six years during the last quarter of the year. And he believes the country is in "the process of healing."

The Dow finished slightly up Friday after falling 268 points on growing worries about the global economy the previous day. The outlook for jobs became a bit less bleak when the government released January's unemployment rate showing an unexpected decline from 10 percent to 9.7 percent. It was the first drop in seven months.

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