More stimulus is needed – said Nobel laureate economist

Joseph Stiglitz laureate economist again expressed pessimism. In his opinion the U.S. economy may drop back in the second half of 2010. The government should work on a second stimulant package to avoid it.

Stiglitz states that there is a big possibility for the U.S. economy to decrease, even a fall in the GDP may occur. According to the professor of the Columbia University; American economy must grow at least 3 percent pace, in order to create enough new jobs, for new entrants of the labor market – reports portfolio.hu.