Economic recovery to continue at moderate pace
Federal Reserve Chairman Ben Bernanke told Congress recently that he expected the US economic recovery to continue at a moderate pace, but he expressed concerns about weakness in residential and commercial construction as well as the ``quite weak'' labor situation that has lifted chronic unemployment to very high levels.
Finance Minister Pranab Mukherjee Tuesday said the Indian economy was showing signs of recovery even as he defended the government's high fiscal deficit and borrowing programme as necessary to fund welfare schemes and spur growth.