Mar 16, 2012 07:36 AM IST | Source: CNBC-TV18

Will be surprised if US grows 3 %: Prof Feldstein

Martin Feldstein was Chief Economic Advisor to President Ronald Reagan and is currently the Professor of Economics at Harvard. He believes that US will be lucky to have 2% GDP growth this year, let alone 3%. Check out his comments.

Martin Feldstein was Chief Economic Advisor to President Ronald Reagan, a deficit hawk. His tenure was marked by his candor in speaking out against high budget deficits and rising defense spending and in pushing for tax increases and a conservative monetary stance. Recently in February, he said in an interview that the American economy will also slow this year. To quote him,

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