At Davos, Geithner notes confidence about economy

[January 28, 2011]  DAVOS, Switzerland (AP) -- U.S. Treasury Secretary Timothy Geithner says his country has more confidence now that there is a sustainable expansion -- but added that it is not a boom.

Geithner, speaking Friday at the World Economic Forum, said in the wake of some expansion in the world's top economy, there was more confidence that slipping back into a recession was avoidable.

He said that confidence was justified, citing economists who have forecast growth of between 3 and 4 percent this year and next for the United States.

[Associated Press]

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