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Episode details

World Service,17 Aug 2011,18 mins

US double dip?

Business Daily

Available for over a year

Can America cut its debt mountain without falling into a double-dip recession? Lesley Curwen talks to Stuart Eizenstat, who has held a variety of senior US government posts including Deputy Secretary of the US Treasury in the Clinton era. In his view there is still less than a 50% chance that the US will fall back into recession, but he says that would be 'catastrophic' because America has used up most of its economic ammunition. Plus, how the downgrade in the credit rating of the US may hit investment to emerging nations such as Indonesia. Mari Pangestu, Indonesia's trade minister expresses concern that capital flows into the country could be reduced. And writer and broadcaster Joia Shillingford asks, if you have trouble with your boss, could it be that you are just too talented for him or her to handle?

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