# Professor Michael Spence discusses growth in the current economic climate

1 Faculty News October 26, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/videos/2016-10-26/nobel-prize-winner-spence-on-economy-slow-growth) -- "The bottom line is there's lots of downside risk and it's very hard to see, at least in the developed countries, a likely scenario that puts us on a different track."

[Read more](http://www.bloomberg.com/news/videos/2016-10-26/nobel-prize-winner-spence-on-economy-slow-growth)