Fed’s Harker sees shape of recovery as ‘bumpy swoosh’

(Reuters) – Philadelphia Federal Reserve Bank President Patrick Harker said on Friday he does not expect the economy, now growing quickly after a sharp downturn, to reverse course into a double dip recession, but he does expect the recovery to be uneven and slow. “I see a swoosh, a Nike-swoosh type recovery, but a very […]

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Brazil’s economy in Nike ‘swoosh’ shape recovery: economy minister

© Reuters. Brazil’s Economy Minister Paulo Guedes look on during a press statement in Brasilia BRASILIA (Reuters) – Brazil’s economy is recovering in the shape of a Nike (NYSE:) “swoosh,” Economy Minister Paulo Guedes said on Wednesday, adding that a program to help finance company payrolls will more than double its reach in the coming […]

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