Threats to economic recovery remain

Summers says threats to economic recovery remain

 

Lawrence Summers, economic adviser to the White House, said weak demand and other issues could hinder economic recovery, although it appears the economy is returning to normal. A "lack of demand will be the major constraint on output and employment in the American economy for the foreseeable future," Summers said. "The combination of low-capacity utilization and substantial leveraging of household balance sheets raises questions about the sustainability of demand growth going forward."

- The Wall Street Journal