Obama urges patience on economy

The US president has urged patience over his plans to boost the country's ailing economy."We will recover from this recession. But it will take time, it will take patience," Barack Obama told a media conference in Washington on Tuesday.The economy dominated the nearly hour-long news conference, with no mention of the wars in Iraq and Afghanistan despite Obama being expected to reveal the results of a review of US policy on Afghanistan this week.Obama said he was "beginning to see signs of progress" in his strategy to confront what many say is the worst US economic crisis since the 1930s.Since taking office in January, he has introduced an economic stimulus package, announced a proposed $3.5 trillion budget and pumped hundreds of billions of dollars into the financial markets.