HAMBURG (Reuters) - Daimler AG Chief Executive Dieter Zetsche does not expect the U.S. economy to contract as a result of high oil prices and the real estate crisis.
"I personally do not anticipate a recession in the USA, rather a reduction in growth," Zetsche told reporters in Hamburg on Wednesday evening, adding that the softer demand would impact the U.S. car market.
Maybe the sell-side hysterics fueled by hedge fund liquidations will abate next week.
"I personally do not anticipate a recession in the USA, rather a reduction in growth," Zetsche told reporters in Hamburg on Wednesday evening, adding that the softer demand would impact the U.S. car market.
Maybe the sell-side hysterics fueled by hedge fund liquidations will abate next week.
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