Tue, 15 Oct 2013 10:40:04 GMT
Summers: U.S. government should stimulate demand
Lawrence Summers, the former Secretary of U.S. Treasury, said on Monday that the country's government has to support internal demand, pointing out that this sector of U.S. economy is the most important. Demand-increasing policy may decrease unemployment and increase GDP. Moreover, Summers is confident that the largest economy in the world will avoid default on its debt.