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US: Efficient spending key to strengthening public finances, says OECD survey

News release: “Supported by substantial stimulus measures, the US economy has started to grow again after one of the most severe economic crises it has faced since the Great Depression, according to the OECD’s latest US Economic Survey. After shrinking through the first half of 2009, US GDP began to increase again and is now projected to be 2.6% higher in 2010 than the year before. Employment has also started to rise, although the unemployment rate is likely to stay above the pre-crisis level for an extended period and long-term unemployment remains a concern.”

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