The US Economy is Still Struggling, Despite Slowing its Downward Pace

by Benjamin Domenech on 8:17 am August 16, 2009

Caution, not optimism: “Certainly, the economy is levelling off: output is no longer in free-fall, and unemployment is no longer growing at post-war record rates. But it is unclear whether the bottom for output has quite been reached. Once it has, growth may be slow for some time.” And unemployment will continue to increase.

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