Wednesday, November 25, 2020

Tag: WARNING SIGNS ABOUND FOR U-S- ECONOMY Harley Schlanger

WARNING SIGNS ABOUND FOR U.S. ECONOMY

Contributed by Harley Schlanger, LaRouchePAC, SGT Report:
In the build-up to the G20 summit in Hamburg, there was much happy talk coming from Trans-Atlantic government officials, Central bankers and the media about the arrival of the long-awaited “economic recovery.” From Brussels, European Central Bank (ECB) chairman Mario Draghi sounded cautiously optimistic, telling European Union leaders on June 23 that the EU is experiencing economic growth and an “improving business climate”, while ECB Executive Board member Peter Praet was much less constrained. In a meeting of bankers in Paris on July 6, he declared that the recovery “has gathered some further momentum recently,” and that there is a “solid upswing” becoming an “increasingly solid cyclical recovery.”