[Marxism] U.S. Economic Recovery Looks Distant as Growth Stalls - NYTimes.com

Louis Proyect lnp3 at panix.com
Thu Jun 12 07:24:30 MDT 2014

WASHINGTON — Recessions are always painful, but the Great Recession that 
ran from late 2007 to the middle of 2009 may have inflicted a new kind 
of pain: an era of slower growth.

It has been five years since the official end of that severe economic 
downturn. The nation’s total annual output has moved substantially above 
the prerecession peak, but economic growth has averaged only about 2 
percent a year, well below its historical average. Household incomes 
continue to stagnate, and millions of Americans still can’t find jobs. 
And a growing number of experts see evidence that the economy will never 
rebound completely.


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