# Nobel Laureate Prof. Michael Spence shares his predictions for the global economy in 2013

1 Faculty News December 28, 2012 ![Council on Foreign Relations blog logo](/sites/default/files/styles/246w/public/assets/images/con_030870.jpg?itok=byjB3w4b)>

Excerpt from the [Council on Foreign Relations](http://www.cfr.org/economics/prospects-global-economy-2013/p29737) -- "The economic outlook for the United States in 2013 is marginally brighter. The economy is adapting structurally, albeit slowly, to an altered and more sustainable growth pattern."
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