Economy will avoid double-dip recession, Citi's Pandit says

04/27/2010 | Bloomberg Businessweek

Strong consumer growth around the globe will help the domestic economy avoid a double-dip recession, Citigroup CEO Vikram Pandit said. "The rise of diversified and strong consumer bases around the world will have multinationals and global institutions think about how to capitalize on these new consumer bases," he said. Other economic drivers include education spending, energy-policy changes and infrastructure investment, Pandit said.

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