Impacto de decradación (CNN en Espanol)

Senior fellow Liliana Rojas- Suarez discusses the U.S. credit rating downgrade and its effects. She emphasizes that the fundamental problems behind the 2008 financial crisis – namely the deeply troubled mortgage markets - have not been solved, and that this downgrade, together with the ongoing European crisis, are indicative of an impending long period of very low global growth. Rojas-Suarez predicts that there will be no quick economic recovery for the United States resulting in stagnant growth and unemployment rates.