DAVOS, Switzerland (AP) — President Barack Obama’s top economic adviser is welcoming the latest figures showing strong economic growth in the United States, but now is not the time to celebrate.
Lawrence H. Summers says that the 5.7 percent increase in growth that came under Obama’s economic policies has helped “moved the economy back from the brink of depression.”
But he told the World Economic Forum on Friday that the figure does not mean that “we are in any position to pop any champagne corks” or be satisfied.
