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The White House claimed credit on Thursday for the surge in economic growth, saying the tax cuts championed by President Bush had helped the nation overcome recession and the economic effects of the terrorist attacks, two wars and corporate scandals.
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The lack of confidence in consumers and markets could get worse and it will take longer to overcome the recession".
"We have to overcome a recession that has become a depression and is causing turmoil and melancholy for all".
Economists need to overcome their "recession obsession" and find a new definition for economic malaise based on slowing rates of growth.
[Page C1.] On the campaign trail, Mr. Bush has been saying the country has overcome the recession and a stock market decline in part because of his tax cuts.
Visiting a state he lost by fewer than 6,000 votes in 2000, Mr. Bush, in a speech sponsored by the local chamber of commerce, ticked off statistics that he said showed how the tax cuts he championed had helped the economy overcome the recession, the terrorist attacks, two wars and corporate scandals.
Undoubtedly, thanks to this, the Finnish economy overcame recession; since 1994, its GDP has been increasing every year by about 5percentt.
Earnings helped lift the market Tuesday, as investors sifted through the day's disappointing results to cheer a handful of companies that overcame the recession to post solid results.
The festival's 2012 theme was to create a recipe for overcoming economic recession.
Mr. Mori, who took the reins of government on Wednesday, described a variety of broad policies that he said would bring about a "rebirth of Japan," which is struggling to overcome a stubborn recession, record unemployment and widespread corruption.
They pointed out that almost all the increased spending in Obama's budget was due to increases in the number of people eligible for Social Security and Medicare, to expected increases in the cost of health care, and to increased interest on the debt we incurred to overcome the recent recession.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com