In his unexpectedly pessimistic forecast Managing Federal Reserve / Fed / USA Kevin Uorsh warned on Tuesday that the foundations of U.S. economic growth may be disappointing for several quarters, and unemployment will likely remain at stubbornly high levels. He also warned that the weak economy may be not just temporary, especially if the power to sacrifice economic growth for the sake of achieving stability in the short term. In comments prepared for presentation at the International Institute of Banking, Uorsh notes that since March this year, the financial situation has improved, which coincided with the emergence of "well-spring green sprouts." "Like you, I stand for the continuation of positive trends - said Uorsh bankers. - But in my estimation, quite a little rebound from the bottom, which deals with almost all of the assets in all countries, perhaps, points to the one-time recovery, which may culminate or may not be completed. " In particular, Uorsh warned that the "trauma" that got consumers and companies can not be underestimated. " "Despite the recent encouraging signs that the recession is slowing, according to my expectations, the capital costs of companies and consumer spending is likely to continue to disappoint in the next few quarters," - he said.
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