FT.com - Roger Altman
Three full years have now passed since the trough of the recession.
But the US grew at only 1.9% and an estimated 1.5% for the first and second quarters of this year, respectively.
For the full year, the consensus estimate is only 2%.
Such figures, well below the economy’s long run growth potential, are just not good enough to offset population growth and improve labour markets.
Steven
Steven Morris Chartered Accountant (SA)
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