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Obama could help US economy recover by mid-2009

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The victory of Barack Obama, the first African-American to become president of the United States, could help the troubled US economy recover by the middle of next year, says Ilian Mihov, professor of economics at INSEAD.

“Obama’s platform when he was campaigning was to increase government spending and cut taxes. If the change is aggressive and very determined, I think the US economy can start recovering by the middle of next year,” Mihov says.

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en

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http://knowledge.insead.edu/ObamaEconomy081108.cfm?vid=132

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Copyright INSEAD. All rights reserved