Faculty News
In an op-ed, Prof. Michael Spence shares his predictions for economic growth in 2014
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![Huffington Post logo Huffington Post logo](/sites/default/files/styles/480w/public/assets/images/huffpost192x144.jpg?itok=a2MotZM4)
Excerpt from The Huffington Post -- "The US is in what might be termed a partial recovery: growth at 1.5 to 2%, well below potential but a lot better than zero. This is being driven largely by the private sector, a flexible and dynamic economy and one that is shifting its resources at the margin toward the tradable sector where demand is not (or is less of) a constraining factor. Fiscal drag is significant and uncertain because the resolution of an ongoing sequence of budget standoffs is not known."
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