“The administration earlier this year forecast that the economy would grow next year by 3.5 percent, then by 4 percent, then by 4.5 percent after that. I think that’s highly unlikely to happen. My guess is that the economy will grow in real terms at closer to 2 percent a year for the next few years.”

Niall Ferguson, a member of the Belfer Center’s board of directors, was interviewed on “The Charlie Rose Show” on November 3, 2009.

For the full interview, go to: http://www.charlierose.com/guest/view/247

Tags: economic growth, economic recovery, economy, recession

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