cebr: US recovery will be short-lived

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The recent 'mini recovery' in the US economy will be short-lived, with US growth of 1.4pc this year slipping to just 0.8pc in 2009, according to the latest global prospects report from the cebr.

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...

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