Rice: U.S. economy to continue drive global growth
2008-01-23 23:07:39 Xinhua English
U.S. Secretary of State Condoleezza Rice sits on stage following her key-note speech at the World Economic Forum WEF in the Swiss Alpine resort town of Davos January 23, 2008.(Xinhua/Reuters Photo)
|
|
DAVOS, Switzerland, Jan. 23 (Xinhua) -- The U.S. economy will remain a leading engine of global economic growth despite concerns about a possible U.S. recession this year, U.S. Secretary of State Condoleezza Rice said here on Wednesday.
"The U.S. economy is resilient, its structure is sound, and its long-term economic fundamentals are healthy," Rice told a plenary of the World Economic Forum annual meeting, which opened on Wednesday with the participation of world political and business leaders.
"The United States continues to welcome foreign investment and free trade. And our economy will remain a leading engine of global economic growth," she said.
"So we should have confidence in the underlying strength of the global economy," she added.
More News
- Economists in Davos warn of U.S. recession spillover
- Blair: Davos provides special opportunity to discuss Mideast, climate change
- It's the "real deal" as Beijing fakes market gets own brand
- City to stay bright despite potential blackout
- Major food suppliers under price controls
- Chinese yuan set new record high after Federal rate cut
- HK leads rebound after Fed cuts rate
- China's industrial output up 18.5% last year
- China's CPI rises 4.8 percent in 2007
- China's fixed asset investment expands 24.8% in 2007
- China's GDP grows 11.4 percent in 2007
- Slowdown may help China
- GDP expands 11.4 percent, fastest in 13 years
- US stocks surge as financial shares revive
- US stocks stage dramatic rally; Dow surges almost 300 points