Report: U.S. economy nowhere near a true recovery

06/5/2013 | Los Angeles Times (tiered subscription model)

The so-called U.S. economic recovery is not the real thing, lacking the accelerated pace of growth that marks a true recovery from recession, according to the quarterly Anderson Forecast from economists at the University of California, Los Angeles. Inflation-adjusted growth in gross domestic product is 15.4% below the 3% growth trend of past recoveries, said forecast director Edward Leamer, a rate that is "not even normal growth. It's bad."

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