Tags: Obama | Chance | Consumer-Driven | Recovery | Less | Likely

Obama: Chance of Consumer-driven Recovery Less Likely

Tuesday, 05 Oct 2010 08:34 AM

President Barack Obama said on Monday the prospect of a consumer-driven, "V-shaped" economic recovery was less likely because Americans were trying to save more and reduce debt in the aftermath of a deep recession.

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President Barack Obama said on Monday the prospect of a consumer-driven, V-shaped economic recovery was less likely because Americans were trying to save more and reduce debt in the aftermath of a deep recession....
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