“We project GDP growth of 2 ½% in 2011 and 2 ¾% in 2012, with a slow decline in unemployment. . . . With public debt on an unsustainable trajectory . . . .” -- I recommend reading the seven page statement available here.
When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Sunday, July 3, 2011
Slow growth, high unemployment
The International Monetary Fund outlook on the U.S. recovery:
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