February 11, 2008 / 6:21 PM / 11 years ago

Bush: economy sound long-term despite uncertainties

President Bush (3rd R) speaks to the press after signing the 2008 Economic Report in the Oval Office of the White House in Washington, February 11, 2008. Watching on are (L-R) Deputy Assistant to the President for Economic Policy Chuck Blahous, Council of Economic Advisers Chief of Staff Pierce Scranton, Council of Economic Advisors Chairman Eddie Lazear, Council of Economic Advisers Senior Economic Adviser Donald Marron and Assistant to the President for Economic Policy Keith Hennessey. REUTERS/Jason Reed

WASHINGTON (Reuters) - President George W. Bush on Monday said the U.S. economy was structurally sound for the long-term despite a shrinking job market and anemic economic growth.

“This report indicates that our economy is structurally sound for the long-term and that we’re dealing with uncertainties in the short-term,” Bush told reporters after meeting with his economic team, referring to a forthcoming report to Congress about the state of the economy.

Reporting by David Lawder and Jeremy Pelofsky, Editing by Chizu Nomiyama

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