# Professor Michael Spence's comments on the global economy at the World Economic Forum in Davos are featured

1 Faculty News January 19, 2016 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from the [Financial Times](http://www.ft.com/cms/s/2/0ae50480-becc-11e5-9fdb-87b8d15baec2.html#axzz3xnNCUcBX) -- "According to Nobel laureate Professor [Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence) of the Stern School of Business at New York University, “\[the economy\] is a fragile and deteriorating situation globally, with little in the way of effective counter-measures'."

[Read more](http://www.ft.com/cms/s/2/0ae50480-becc-11e5-9fdb-87b8d15baec2.html#axzz3xnNCUcBX)