DOW JONES NEWSWIRES
Robert Doll, Blackrock Inc.'s (BLK) vice chairman and chief equities strategist, said Monday he was a "cautious optimist" about the global economic recovery and that he didn't see us heading toward a "double-dip" recession. In a CNBC interview, Doll said he doesn't expect an "ebullient recovery" but that he expected GDP growth this year to be positive, in the upper part of the 2%-3% range, with continued earnings growth. Doll said the Chinese currency move at the weekend was another sign we won't have a "double-dip" as the Chinese "wouldn't have moved forward if they were lacking confidence in the global economic recovery." He termed double-dips as extremely rare, with few historical precedents.
Full story at www.cnbc.com
-Dow Jones Newswires; 212-416-2900
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(END) Dow Jones Newswires
June 21, 2010 07:49 ET (11:49 GMT)
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