Merih Uctum Presents Reports on Economic Risks at NY State Assembly Meetings

Merih Uctum (GC/Brooklyn, Economics) presented her assessment of potential risks to the state, national, and international economies at two recent meetings of the Economic Advisory Committee of the NYSA Ways and Means Committee.

The rebound in the U.S. economy faces several risks, Uctum discussed in her reports, presented in November and February at the Office of the Speaker to the Assembly. These include a strong dollar, deflationary pressures, increasing income inequality, potential recession and deflation in Europe and Japan, and slower growth in China.

“Exports now represent 13 percent of gross domestic product, the highest in history, suggesting that the U.S. economy is more vulnerable to international shocks,” Uctum wrote in the reports.

Uctum, whose research includes work on fiscal solvency, financial crises, and sustainability of foreign debt, was a research economist at the Federal Reserve Bank of New York before joining CUNY.

Submitted on: FEB 27, 2015

Category: Economics | Faculty Activities | General GC News