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China International “Today” Radio: Dean John B. Attanasio provides commentary on the U.S. economy
Dean John B. Attanasio was interviewed as a part of a panel discussion on
China International Radio “Today” show on June 12
in Beijing. The topic of discussion is the U.S. Economy.
Included in the panel discussion were:
Jiang Chengzong,
Former Secretary General of the China National Committee for Pacific Economic Cooperation and now advisor for the CNCPEC
Patrick Chovanec,
Professor of Practice in the School of Economics and Management at Tsinghua University
During the interview, t
he panel examined the momentum in the U.S. economy, the effects of euro crisis, possibility of another round of QE and how it may affect the presidential elections in November.
New estimates show that the U.S. economy has grown more slowly than thought in the first three months of the year. The U.S. Commerce Department said the world's largest economy expanded at an annual rate of 1.9 percent in the first quarter, instead of the 2.2 percent pace initially estimated in May. The slowdown followed a 3.0 percent growth rate in the final quarter of 2011 and offered fresh evidence of the economy's struggle to gain traction almost three years after the financial crisis. At the same time, fresh indicators show the second quarter economic conditions in the U.S. will not help with job creation. New claims for U.S. unemployment benefits -- indicating the pace of layoffs -- rose by 10,000 to 383,000 in the week ending late May. The lackluster data came just five months ahead of the November presidential election in a race dominated by high unemployment concerns.
China Radio International "Today" show broadcasts live weekdays on Beyond Beijing. The radio show features in-depth panel discussions on domestic and global news and current affairs to give the story behind the headlines. Expert guests from around the world share their views and debate the issues to give the locally-produced show international flavor.
"Today" broadcasts to 24 cities around the world, including Washington DC, Canberra, Toronto, Auckland, Colombo, Monrovia, and Kandahar.