Misery Is Not an Option: Economy Needs More Demand
Three and a half years since the Great Recession began, the U.S. economy remains $56 billion, or 0.4%, below its pre-recession peak. Revised data show that the U.S. economy ground to a halt in the first quarter of 2011, growing by just 0.4%, while new data from the second quarter show the economy barely moved forward, growing by only 1.3%. Read MarketWatch’s story on “GDP grows slender 1.3% in second quarter.”
This pace of growth is too slow to generate significant job creation, and on this path we are more than one-third of the way to a lost decade.
Read more here.
This article was originally published in MarketWatch.
To speak with our experts on this topic, please contact:
Print: Liz Bartolomeo (poverty, health care)
202.481.8151 or firstname.lastname@example.org
Print: Tom Caiazza (foreign policy, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or email@example.com
Print: Allison Preiss (economy, education)
202.478.6331 or firstname.lastname@example.org
Print: Tanya Arditi (immigration, Progress 2050, race issues, demographics, criminal justice, Legal Progress)
202.741.6258 or email@example.com
Print: Chelsea Kiene (women's issues, TalkPoverty.org, faith)
202.478.5328 or firstname.lastname@example.org
Print: Beatriz Lopez (Center for American Progress Action Fund)
202.741.6255 or email@example.com
Spanish-language and ethnic media: Rafael Medina
202.478.5313 or firstname.lastname@example.org
TV: Rachel Rosen
202.483.2675 or email@example.com
Radio: Sally Tucker
202.481.8103 or firstname.lastname@example.org