By DPA,
Washington: US President Barack Obama told the UN Thursday that global cooperation had rescued the world economy from its worst recession in generations, but he said many countries and people were still facing difficult times.
“There is much to show for our efforts, even as there is much more work to be done,” Obama said in an annual speech to the UN General Assembly.
“The global economy has been pulled back from the brink of a depression and is growing once more,” he said. “But we cannot and will not rest until these seeds of progress grow into a broader prosperity for all Americans and for people around the globe.”
Obama has faced much domestic criticism as the US economic recovery has weakened, while other countries fret that the world’s largest economy can no longer drive global growth.
Unemployment in the US remains near 10 percent, and the economy grew only 1.6 percent in the second quarter.