WASHINGTON - Sluggish growth in other leading industrialized nations will continue to hold back the U.S. economy this year, Lawrence Summers, Treasury undersecretary for international affairs, said yesterday.
"The world growth problem remains." Summers told the Senate Banking Committee's subcommittee on international finance and monetary policy. "Sound growth in our principal trading partners, coupled with open trade and payments systems, is increasingly essential to the health of the U.S. economy."