US sees 'durable' recovery signs

Treasury secretary says confidence rising but warns against withdrawal of stimulus measures.

    Geithner warned governments not to withdraw stimulus measures too soon [AFP]

    Cash injection 'working'

    Stimulus measures have resulted in fresh capital entering the US financial system, he said, and credit markets had improved along with consumer and business confidence.

    Geithner said that during his tour, which has seen him visit Britain, Saudi Arabia and the United Arab Emirates, he had appealed to governments to continue efforts to revive the global economy.

    "Probably why I'm doing this is to make sure we keep working with governments around the world to continue to provide enough support to lift this global economy back to a sustained pattern of growth," he said.

    He said world leaders should have acted more quickly to support demand as the global financial crisis deepened, but added that subsequent policy had succeeded in heading off the worst possible effects of the crisis.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    The War in October: What Happened in 1973?

    The War in October: What Happened in 1973?

    Al Jazeera examines three weeks of war from which both Arabs and Israelis claimed to emerge victorious.