Stories >> Economics
Caroline Baum: The 'new normal’ of slow growth is growing old, with no end in sight
GDP will be weak for years, absent a productivity miracle or comprehensive immigration reform. Ten years ago at their annual forum, executives at Pacific Management Investment Co. coined the phrase the “new normal” to describe what they expected to be a period of below-average growth following the Great Recession and financial crisis.
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Posted: June 26, 2019 Wednesday 01:24 PM