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Ex Treas Sec Summers: ‘Fiscal cliff deal is a ‘reasonable’ but not ‘total’ solution

Ex Treas Sec Summers: ‘Fiscal cliff deal is a ‘reasonable’ but not ‘total’ solution

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Pete Jackson
14/01/2013 | 05:51 GMT
  • US still faces critical growth issues
  • Expects Q4 US GDP growth of around 1%
  • Urges ‘fair amount of caution’ on global situation
  • Chinese Yuan isn’t undervalued like it was 5 yrs ago
  • Everyone wants to save , not spend and invest
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