Bernanke voices US growth concerns

Ben Bernanke, the chairman of the Federal Reserve, warned that the country's economy was unlikely to grow much, if at all, this year, and "might even contract slightly".

"Recession is possible," Bernanke told US lawmakers. The central bank estimated that the country is "slightly growing" at the moment, but "we think there's a chance that for the first half as a whole, there might be a slight contraction."

The Fed had been "creative" in finding ways to ease the liquidity problems, he said, and he

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