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el freako
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Bristol, European Union
Oct 1999 time: 05:30
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quote: Originally posted by DanS
While I would agree that "it's the economy, stupid" really means "it's the unemployment rate, stupid" for the purposes of presidential politics, the economy certainly is in recovery. It is growing. |
The economy is growing at or below it's trend rate (3% to 3.5%), growth at that level means that unemployment is likely to stay the same, if not slowly rise.
quote: Originally posted by chegitz guevara
The growth rates for last quarter are in, and the economy grew at more than 3%, which is quite impressive.
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It's not that impressive after a recession actually, and as that is the long term trend growth rate it means that (drum roll) things aren't getting any worse but the're not improving either.
Also much of that 3.1% growth came from spending by the armed forces during the iraq adventure - if you exclude that then growth was a paltry 1.4%
Last edited by el freako on 29-08-2003 at 14:28
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