The economy is set for a turnaround, says Treasury Secretary Timothy Geithner, but there are still significant risks to face down. According to Reuters, the Treasury head spoke after a conference in London, asserting that economic growth would soon become reality.
Geithner’s comments came after a meeting with United Kingdom Finance Minister Alistair Darling. The Treasury secretary is in the midst of an international economic campaign that will take him through the Middle East and Paris.
“In my view there are still significant risks and challenges ahead,” said Geithner in answering a question regarding the possibility of a recurring recession drop.
“I think we have a remarkably strong consensus in place on core elements,” said Geithner following his talk with Darling.