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04 Nov 2009 03:21 pm
Stronger Than We Appear?
Leonhardt strikes an optimistic note:
[I]t’s a good time to remember that when an economy is just coming out
of recession, its weaknesses are always more obvious than its potential
strengths.
Free exchange interjects:
As things stand, the medium-term outlook for the American economy
really isn't that bad. The problem is that the near-term outlook is
awful. And the question is: faced with perhaps another year or two of
unemployment near 10%, can the government avoid making any serious
economic mistakes, which might jeopardise recovery over the long-term?
Justin Fox is not reassured.
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