Sorry, U.S. Recoveries Really Aren’t DifferentCarmen M. Reinhart and Kenneth S. Rogoff
Oct. 16 (Bloomberg) -- Five years after the onset of the 2007 subprime financial crisis, U.S. gross domestic product per capita remains below its initial level. Unemployment, though down from its peak, is still about 8 percent. Rather than the V-shaped recovery that is typical of most postwar recessions, this one has exhibited slow and halting growth.
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