President George W. Bush, on a drive to bolster faith in the US economy amid fears of a recession, said today the economy was resilient and would regain its strength despite the hard times.
"I believe that we are a resilient economy and I believe that the ingenuity and resolve of the American people is what helps us deal with these issues. And it's going to happen again," Mr Bush told the nonpartisan Economic Club of New York.
The president's remarks to the club, a group of top business executives, bankers and economists, came on a visit to the US financial capital that included meetings with the editorial board of The Wall Street Journaland the cable business channel CNBC.