U.S. could struggle 5 years after recession, Krugman says

05/19/2009 | Forbes

Unemployment, which is expected to continue to increase after the recession ends, could lock the U.S. into a "depressed economy" for as long as five years, Nobel Prize-winning economist Paul Krugman said at a financial conference in Seoul, South Korea. Krugman said it is possible the U.S. economy will return to GDP growth this summer, with Europe following "a little bit later."

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