The EU's top economic affairs official warned yesterday (17 March) that the US may already be in a recession, but remained bullish about Europe's standing amid the ongoing financial maelstrom.
"The US economy is clearly slowing, perhaps even entering a recession," economic and monetary affairs commissioner Joaquin Almunia said during a dinner speech to a Paris conference on structural reform at the Organisation for Economic Co-operation and Development (OECD).
The commissioner sai...
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