WB chief: U.S. won’t sink into another recessionSeptember 6, 2011 - 10:59 AMT PanARMENIAN.Net - World Bank chief Robert Zoellick voiced confidence Tuesday, September 6, that the United States will not sink into another recession, amid widespread worries over the state of the world's biggest economy, AFP reported. "I don't believe (the) United States and the world will go into a double dip," Zoellick told a news conference in Singapore, in response to a question on the subject. Zoellick's comments came as global financial markets have tumbled in recent days, pulled down by renewed fears that the U.S. economy could slip back into recession, a so-called 'double-dip'. Most Asian markets were lower Tuesday, still reeling from the latest batch of U.S. jobs data for August released last Friday, which was the worst since September 2010 and renewed fears over sovereign debt in Europe. The closely monitored U.S. non-farm payrolls report revealed that the economy created no jobs in August, leaving the unemployment rate at a stubbornly high 9.1 percent. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |