Obama says "guardedly optimistic" after GDP figures

Newswire

WASHINGTON, July 31 (Reuters) - U.S. President Barack Obama said on Friday he was "guardedly optimistic" about the direction of the U.S. economy after GDP figures showed the economy shrank modestly in the second quarter. "Today's GDP is an important sign that the economy is headed in the right direction and that business investment, which had been plummeting in the last several months, is showing signs of stabilizing," Obama told reporters at the White House. Obama said his ...

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