Gitnr: the American economy is no longer on the verge of collapse
Washington, United States of America (CNN) - Secretary of the Treasury, said the American, Timothy Gitnr, the country's economy "is no longer on the brink of collapse," he said, following the improvement of the financial statements and the overall performance following the easing of the global financial crisis.
He added that the economic recovery will continue during the current year, that job creation rates began to rise next year, but he stressed that the Americans "difficult choices" have to consider before moving forward, in particular solve the crisis of rising budget deficit.
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In a program aired by the ABC talk show Sunday, said that the first Gitnr desert out of the tunnel is the crisis in the return of positive growth, after the U.S. economy shrank in the past few months, followed by slower rates of job loss until stability in 2010 with the start of the provision of new jobs.
The minister said that the scenario of the American economic collapse "will not happen," but warned that the economic stimulus plans - which have prevented the U.S. financial system has been destroyed in the disaster of the past few months - will return to receive the burden on the budget because of the growing deficit caused by the provision of funds for financing.
He added: "economy will not return to the rails the right of recovery will be strong and not always able to convince the Americans that we have the will to act, in order to reduce the budget deficit after the restoration of things."
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He continued: "We can do this, not only will we need," and declined to rule out the possibility of raising taxes in the future after the return of growth to the U.S. economy.
The comments come two days after Gitnr Declaration and the U.S. Department of Commerce on the contraction of the country's economy during the second quarter of 2009 did not exceed a rate of one per cent compared to the same period last year, which is much better than expectations and show that the pace of the current recession.
The experts expect the contraction of the economy during the second quarter of this year, a rate not less than 1.5 per cent, was seen as some of the lowest of the recession shows that the rapid deterioration of the economy has ended.
