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09-25-2008, 07:51 AM #1
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US faces 'one hell of a deep downturn,' says Welch
From Times Online
September 24, 2008
US faces 'one hell of a deep downturn,' says Welch
Jack Welch, former General Electric boss, believes the US economy can no longer avoid recession, even with a $700bn bailout
Times Online and agencies
Jack Welch, former General Electric chairman and chief executive officer, said the US economy is facing a deep downturn, and he supports a proposed $700 billion government rescue package for the financial sector.
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