IMF economist predicts “minor contraction,” then “slow recovery” for U.S.

Posted by Staff on April 21, 2008 |

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)

 
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April 21, 2008
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