US economic updates
The markets are following the developments in the world's largest economy closely. Analysts are worried about the prolonged slow rate of economic growth in the US, and consequently the slow rate of new job creation and fresh jobless claim data week after week. The scare of a double-dip recession is debated often. Analysts believe there is a good chance the world economy will fall back into a contraction phase in the short term due to the ongoing crisis in Europe and slow pace of economic activity in the US and China.
Analysts are waiting for policy measures from the US policymakers in the coming few days. Therefore, short-term sentiments are expected to be volatile in the global markets.
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