BBC Homepage World Service Education
BBC Homepagelow graphics version | feedback | help
BBC News Online
 You are in: World: Americas
Front Page 
World 
Africa 
Americas 
Asia-Pacific 
Europe 
Middle East 
South Asia 
-------------
From Our Own Correspondent 
-------------
Letter From America 
UK 
UK Politics 
Business 
Sci/Tech 
Health 
Education 
Entertainment 
Talking Point 
In Depth 
AudioVideo 

Thursday, 25 January, 2001, 19:10 GMT
Growth in US economy almost zero

The Chairman of the United States Federal Reserve, Alan Greenspan, says growth in the US economy has almost reached zero.

Correspondents say the dramatic slowdown makes it more likely that the Federal Reserve will cut interest rates soon.

Mr Greenspan also said he was in favour of using the current budget surplus to cut taxes, as well as for reducing the national debt. A year ago, Mr Greenspan had said tax cuts should be used only to pay off the national debt. However, he did not endorse specific plans by President George W.Bush for widespread tax cuts, and said cuts should not be used as a quick fix. The BBC Washington correspondent says that, overall, Mr Greenspan sounded positive about the potential effect of tax cuts on the US economy.

From the newsroom of the BBC World Service

Search BBC News Online

Advanced search options
Launch console
BBC RADIO NEWS
BBC ONE TV NEWS
WORLD NEWS SUMMARY
PROGRAMMES GUIDE
Links to more Americas stories are at the foot of the page.


E-mail this story to a friend

Links to more Americas stories