What’s Happening to the US Economy?
The US economy has recently slowed dramatically, and the probability of another economic downturn increases with each new round of data. This is a sharp change from the economic situation at the end of last year – and it represents a return to the very weak pace of expansion since the recovery began in the summer of 2009.
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CAMBRIDGE – The American economy has recently slowed dramatically, and the probability of another economic downturn increases with each new round of data. This is a sharp change from the economic situation at the end of last year – and represents a return to the very weak pace of expansion since the recovery began in the summer of 2009.