Tim Geithner, the US Treasury secretary, sounded an optimistic note on the US and global economy yesterday, suggesting a recovery was at hand and saying there was no need at the moment for another fiscal stimulus.
Speaking in London at the start of a tour of European and Gulf capitals, he said: “There is a very good chance for seeing the US economy and the world economy get back to the point when it is growing again over the next few quarters.”
The tone could not have been further from the irritation felt in the US administration at the perceived lack of European stimulus this spring.
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