IMF economist predicts “minor contraction,” then “slow recovery” for U.S.
At the Housing Crisis and Lessons for Monetary Policy discussion hosted by the Brookings Institution, Economic Counselor and Director of the International Monetary Fund Simon Johnson predicts a “minor contraction” for the U.S. economy this year, followed by a “slow recovery” next year. He also talks about the spillover effects of the U.S. housing market into other nations, and predicts a decline in global growth projection. (0:43)
April 21, 2008
Categories
Latest Audio
- Despite Slower Job Loss, Millions Still Unemployed Says New York Democrat
- Boehner Opposes Democrats’ Healthcare Bill Despite Cost Benefits Says Hoyer
- Texas Republican Says Positive Reports About The Stumulus Are False
- Majority Leader Steny Hoyer Hopeful House Will Pass Health Care Bill Saturday Night
Happening Now - TRNS on Twitter
- @jackrice: U.S. House Passes Abortion Amendment to Health Insurance Reform. http://ff.im/-b7uae -- 9 minutes ago
- @jackrice: House Erupts in Applause with 218 Votes. http://ff.im/-b7uad -- 9 minutes ago
- @jackrice: Will Health Insurance Reform Happen? http://ff.im/-b7uaf -- 9 minutes ago
- @jackrice: House Passes Health Insurance Bill. http://ff.im/-b7uac -- 9 minutes ago
- @jackrice: House Passes Health Insurance Bill. http://bit.ly/1r7S1d -- 1 hour ago
- @jackrice: House Erupts in Applause with 218 Votes. http://bit.ly/MoW0j -- 1 hour ago
- @jackrice: Will Health Insurance Reform Happen? http://bit.ly/3IZrk9 -- 1 hour ago
- @jackrice: House of Reps is voting on history. For once, voting for health insurance reform is vote for the people. This is about patriotism. -- 2 hours ago
- @jackrice: I'm listening to the soundtrack of Kill Bill, Vol.1. Damn, this thing is great. -- 7 hours ago
- @jackrice: Real Men Do Cry! Great Photo! http://bit.ly/1Ib8s9 -- 10 hours ago