U.S. Treasury Secretary Henry Paulson predicted Tuesday that U.S. housing prices would stabilize by year’s end and overall economic growth would improve by then.
In an interview on Mexican television, Paulson said the global economy was being strained by costly energy, but that overall the U.S. economic fundamentals are strong.
“I feel moderately optimistic that at the end of the year we will have signs of an economic recovery,” Paulson said. “Hopefully the biggest part of the housing decline will be over by the end of the year.”
Source: Reuters News, Lynn Adler (06/24/2008)
Posted by Carter Brown
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