Outlook for US is weak, but still better than elsewhere
May 16, 2013 | 05:06 PM
| Catherine Ngai
COLORADO SPRINGS, Colo. While the United States remains one of the strongest economies globally, lackluster growth and a large fiscal deficit may cause serious downward pressure in the near term, according to one economist.
The U.S. market has been relatively stable compared with other major economies, according to Martin Feldstein, George F. Baker professor of economics at Harvard University. But even the United States may be at risk if certain policy measures are not implemented.
"I believe the U.S. economy is in better shape than the economies in the eurozone and Asia," Feldstein said during the American Iron and Steel Institutes 121st general meetingcohosted by the Metals Service Center Institutein Colorado Springs May 16. "But despite its long-term benefits, there are some major problems affecting our economic climate."....
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