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."

Related Summaries