Economy News: Small but steady recovery at United States

Federal Reserve points to a low-paced but steady recovery of the United States economy. All of the Fed's 12 regions, but St. Louis, has faced an increase of the economic activity, an improvement of the last Fed survey at March, where nine regions reported modest economic advances. Snowstorms at East Coast had crimped their activity.

Yahoo News

On the other side, Ben Bernanke, chairman of the US Federal Reserve, has said that the country is still facing "difficult choices", cutting the country's deficit ( as we informed you here this morning )

Bernanke stated that weakness in the construction is still a burden on the US economy. His cautious comments about the recovery come despite data showing a 1'6% increase in March retail sales


Mr Bernanke said the recovery still faced "significant restraints

Nonetheless, he added that that there were some encouraging signs for the economy, as the unemployement rates are decreasing while consumer spending increases.

http://news.bbc.co.uk/2/hi/business/8620486.stm

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