Wall Street Journal (August 16)
2010/ 08/ 17 by jd in Global News
The U.S is settling into a “new normal” and won’t return to the heady growth that followed other recessions, according to Mort Zuckerman, the editor of US News & World Report. Zuckerman believes 2% growth is more likely than 6% growth. This means predictions that unemployment (currently 9.5%) will fall to reasonable levels by 2013 are overly optimistic. Zuckerman believes it will take 6-9 years because “the labor market may be improving, but the pace is glacial.”
Tags: Economy, Recovery, U.S., Unemployment
