Meeting America’s Growth Challenge
The US economy continues to recover from its deepest slump since the Great Depression, but the pace of recovery remains frustratingly slow. There are reasons to expect improvement in 2013, but, as usual, there are downside risks – particularly uncertainty over the debt ceiling and an additional round of fiscal contraction.
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BERKELEY – The United States continues to recover from its deepest economic slump since the Great Depression, but the pace of recovery remains frustratingly slow. There are several reasons to anticipate modest improvement in 2013, although, as usual, there are downside risks.