Thursday, August 2, 2012

U.S. recovery weakest in the world since 1970

From James Pethokoukis blogging at AEI-ideas.org :

The Obama administration says one reason the U.S. economic recovery has been so slow is that it is still suffering from the aftermath of the financial crisis. But the U.S. is not the first country to suffer a recession and a financial crisis. And the U.S. recovery is doing worse than all of them.

In a new research note, JPMorgan points out that since 1970, Japan, Finland and Sweden have all gone through what the U.S. is currently going through. And all three of them had recoveries stronger than America’s....
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Link: http://www.aei-ideas.org/2012/07/u-s-recovery-weakest-of-any-in-the-world-since-1970/

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