For a number of prominent economists that the prospects for the U.S. economy does not look good this year and the next ten years.
And put prominent intellectuals during the annual conference of different views to the decline in the U.S. economy in the short term, medium and long term. The slow recovery this year with the end of government stimulus measures.
In the long run the United States will face inevitable takeover of China, its largest economy in the world. And may have missed opportunity to curb the major financial institutions are still many more to allow its collapse as it is getting bigger and bigger.
Martin Feldstein, "said a professor at Harvard University said he believed that the prospects for U.S. economic growth in 2011 less brighter than many believe.
It was the beginning of run out the support that claim a growth of government spending during the current year. He added that the extension of tax cuts, ending not only the decision not to raise taxes and reduce the impact of income tax for a period of one year will be modest at most.
Feldstein said "will not come a lot of support from fiscal policy in the current year."
He said that the trouble the difficult conditions to state and local governments may adversely affect growth.
The growth was derived support from the savings rate fell in 2010, but this may not continue this year as the return of families worried about the future to reduce debt and Ze
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