Despite GDP report, small firms still await recovery

11/13/2009 | TIME (subscription required)

The continued struggle of small business is an indication recovery is slower than the federal government says, according to Goldman Sachs economist Jan Hatzius. The Bureau of Economic Analysis predicts data will show that gross domestic product grew 3.5% in the third quarter, but Hatzius estimates those figures will end up being anywhere from 1.5% to 3% in annualized growth. Other reports also show a divergence between government and big-business reports and those reflecting small-business experience.

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