Economics
Old Normal Is Back as Pimco Sees U.S. ‘New Destination’: Economy
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The “new normal” U.S. economy is starting to look more like a classic expansion.
Signs of a quickening recovery are casting doubt on the notion that lasting stagnation has become the norm for the world’s largest economy, a view advanced by Pacific Investment Management Co.’s Bill Gross, Northwestern University’s Robert Gordon and former Treasury Secretary Lawrence Summers.