Tuesday, August 12, 2014

U.S. economic growth: "disappointing" 

The U.S. and global recoveries have been "disappointing" so far and may point to a permanent downshift in economic potential, U.S. Federal Reserve Vice Chair Stanley Fischer said on Monday.

In an overview of the years since the 2007-2009 financial crisis and recession, Fischer said a slowing of U.S. productivity, declining labor force participation and other factors may have scarred the United States' ability to generate economic growth.
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Link: http://www.reuters.com/article/2014/08/11/usa-fed-fischer

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