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Nobel Laureate Mundell Sees U.S. Growing at Most 2% in 2011

The U.S. economy will probably grow no more than 2 percent in 2011, less than what’s needed to lower unemployment, Nobel-prize winning economist Robert Mundell said.

“I don’t see economic growth as being any better than 2 percent,” the Columbia University economics professor said in an interview today on Bloomberg Television’s “Street Smarts” with Carol Massar. “You had this financial shock to the economy which devastated confidence, and there is nothing around the corner that looks like it’s going to be a strong push for the economy.”