In 2003 US President George W. Bush intends to implement a program to grow the national economy, Radio Liberty reports. According to him, despite the difficulties, the US economy maintains good conditions for growth.

In a radio address to the American people on Saturday, Bush said he would task new Treasury Secretary John Snow and his economic adviser Stephen Friedman with developing measures to stimulate the economy. Snow and Friedman were appointed to these positions several days ago - due to the need to update the economic strategy of the current presidential administration.

Let us recall that the US Department of Labor reported on December 12 that the number of initial claims for unemployment benefits in the United States for the week ending December 7 this year increased by 83 thousand to 441 thousand. The average number of initial claims for unemployment benefits unemployment increased by 10 thousand in four weeks to 387 thousand, which is the highest figure in the last three weeks. The data published by the Ministry of Labor turned out to be higher than the expectations of analysts, who predicted an increase in the indicator to 378 thousand. The volume of retail sales in the United States in November this year. increased by 0.4% compared to October, which is the maximum increase in the indicator over the past three months.

A major concern is the New York transit workers' strike, which is set to begin tomorrow and which New York City Mayor Michael Bloomberg says could cause between $100 million and $350 million in damages. Analysts estimate that if public transport in New York will stop for at least a few hours, the functioning of the city economy will be completely paralyzed. This is especially true for organizations working in the service sector. The city's metro and buses transport 7.2 million people a day. The main demand of the transport workers' union to the city administration is to increase wages by 6%.

In 2003 George Bush will take care of the economy