Crossing the Blues

Wednesday, August 11, 2010

U.S. not Immune to Economic Slowdowns Overseas: White House

U.S. not Immune to Economic Slowdowns Overseas: White House
WASHINGTON :The White House said Wednesday the United States is not immune to economic downturn starting in other parts of the world, after China reported weaker economic data.
White House spokesman Robert Gibbs said after the global stock markets fell following report from China worse than expected factory data and amid renewed concerns of a slowing economy there and in the United
States.