UNDER SECRETARY FOR INTERNATIONAL AFFAIRS MCCORMICK SPEAKS AT BETTER HONG KONG FOUNDATION ON 'FINANCIAL TURMOIL AND THE GLOBAL ECONOMY'
October 22, 2008
October 22, 2008
HONG KONG, Oct. 22 -- The U.S. Department of the Treasury issued the text of the following speech:
These are unprecedented and difficult times for the global economy. The world's financial market conditions are severely strained, and risks to the global growth are significant. The largest advanced economies are feeling this most acutely. In the United States, our financial markets are experiencing unprecedented challenges, and this is adding even greater pressure to our alrea . . .
These are unprecedented and difficult times for the global economy. The world's financial market conditions are severely strained, and risks to the global growth are significant. The largest advanced economies are feeling this most acutely. In the United States, our financial markets are experiencing unprecedented challenges, and this is adding even greater pressure to our alrea . . .