A New Normal for the U.S. Economy: Slow and Steady
For the first time since 2009, all sectors of the economy are chugging along at normal rates: The housing industry pulled out of its nosedive, the government sector ended its downturn, and as of this quarter, the industrial recession is over. Policy makers face a new challenge, building on an economy in which no major sector is in contraction. But first, the U.S. deserves some recognition for the feat it just accomplished.
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