cebr: US recovery will be short-lived

The report's authors see the exports and consumer spending-fuelled US upturn as unsustainable, in the face of the weaker global macroeconomic environment and the demise of tax-rebate driven consumption growth. Jörg Radeke, economist at cebr and one of the report's authors, said: "Despite the latest recovery of the United States economy, which was largely based on robust export demand, we think that the growth prospects for the United States remain weak. We expect the effect of the fiscal package on the United States economy to disappear quickly. This then leaves the economy reliant on e...