The Bureau of Economic Analysis recently revised the US real gross domestic product growth rate downward for second quarter 2011 to an annual rate of 1.0 percent -- to understand how devastating this low rate of growth is for recovery, consider the chart below based on data provided by the Congressional Budget Office.
[click to enlarge]
Simply put, current growth rates in the US do not point toward economic recovery...
Source: Thoma, M (2011, August 27), How Long Will It Take for the Economy to Recover? Economist's View.
Thursday: GDP, Unemployment Claims
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