US recession could be over by year end | Connect Asia

US recession could be over by year end

US recession could be over by year end

Posted 25 February 2009, 11:29 AEST

The US Federal Reserve says the United States economy could climb out of recession later this year, if conditions are right.

Federal Reserve chairman Ben Bernanke warns however, that a recovery will hinge on whether the government's numerous financial rescue and stimulus plans work as intended. He's also cautioned that a full economic recovery could take many years.

Presenter: Kim Landers

Ben Bernanke, Federal Reserve Chairman

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