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Raghuram Rajan on US consumption growth

PUBLISHED ON: February 11, 2011 | Duration: 2 min, 39 sec

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Raghuram Rajan, professor of finance at Boot School of Business, says the problem arises from too much dependence of other economies on US consumption. Consumption growth is the central force propelling the US to go back to status quo and it is a bad news in the longer term, he adds.
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