Tuesday May 5, 07:37 PM
STOCKS NEWS US-Growth won't return to '07 pace for years--Stern
Stocks on the move Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
1415 ET 05May2009-Growth won't return to '07 pace for years--Stern
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It will take several years for U.S. economic growth to return to the pace
before the recession started in December 2007, Federal Reserve Bank of
Minneapolis President Gary Stern said on Tuesday.
He added that the slow recovery 'ought to be expected both because of the
magnitude of the decline over the last couple of quarters and ... because of
credit conditions, among other things.'
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