Politics | The American Experiment

Anderson Forecast: U.S. economy falls short of true recovery; California job growth steady / UCLA Newsroom

Anderson Forecast: U.S. economy falls short of true recovery; California job growth steady / UCLA Newsroom

"It's not a recovery. It's not even normal growth. It's bad."

""U.S. real GDP is now 15.4 percent below the normal 3 percent trend," Leamer writes. "To get back to that 3 percent trend, we would need 4 percent growth for 15 years, or 5 percent growth for eight years, or 6 percent growth for five years, not the disappointing twos and threes we have been racking up recently, which are moving us farther from trend, not closer to it."