ABU DHABI, March 4 The outlook for the U.S.
economy is positive compared to the rest of the industrial world
and there are good reasons to think it will keep growing at a
rate of around 3 percent this year, former Federal Reserve
Chairman Ben Bernanke said on Tuesday.
Bernanke, making his first public speech since he left
office in January, was addressing a financial conference in the
the capital of the United Arab Emirates.
The housing sector, which was a big part of the U.S.
slowdown, shows signs of recovering and the construction
industry will expand, he said.
However, he also said the crisis was not yet over in the
United States. "The first thing the U.S. learnt is the U.S. is
not invulnerable to crisis," he said.