US President Barack Obama says, America is not facing another recession but it is in the danger of not having a recovery that is fast enough to deal with a genuine unemployment crisis. In an interview to a TV News Channel, he said, the unemployment rate is still too high, and the economy is not growing fast enough. Reflecting on the recent Wall Street crash, Mr.Obama argued that outside factors like the European debt crisis and Japan's tsunami have hit economic growth.
News On AIR | August 22, 2011 8:25 AM
Obama: US not facing another recession